Paramit

Paramit

Medical Equipment Manufacturing

Morgan Hill, California 12,698 followers

About us

Paramit, headquartered just outside the heart of Silicon Valley and acquired by Swiss-based Tecan Group in 2021, is dedicated to improving people’s lives and health by empowering customers to scale healthcare innovation globally. Paramit develops and manufactures electronics based medical devices and life science instruments. We offer customers around the globe access to a deep bench of engineering and product development talent, as well as access to high-quality, cost-competitive manufacturing in North America and the APAC region. Our two world class facilities, strategically located in Northern California and Penang, each span roughly 150,000 square feet and are ISO 13485 certified. Both Paramit and its parent company, Tecan, are dedicated to improving people’s lives and health-related outcomes. We share a strong customer-centric culture and a long track record of operating in highly regulated markets, which are focused on mechatronic-intensive instruments that combine custom electronics, optics, robotics and/or microfluidics. Paramit’s vertically integrated capabilities include PCB assembly, test development, optics assembly and our innovative vPoke® computer directed mechanical assembly process. vPoke, designed for high integrity manufacturing and regulated markets, provides us with comprehensive device history records and full traceability for each and every product, ensuring that we consistently meet our goal of zero defects. Our extensive team of skilled engineers and technicians are fully equipped to assist customers during all stages of the new product introduction (NPI) process, including ideation, design, prototype development, late-stage reviews, manufacturing, and post-manufacturing services. We share a commitment to excellence and are singularly focused on helping our customers successfully bring bring their products to market.

Industry
Medical Equipment Manufacturing
Company size
201-500 employees
Headquarters
Morgan Hill, California
Type
Privately Held
Specialties
vPoke Mechanical Assembly, Medical Device Manufacturing, Diagnostic Instrument Manufacturing, Low Cost Region Manufacturing, Product Development, PCB Assembly, and Test Development

Locations

Employees at Paramit

Updates

  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    Tecan’s Capital Markets Day provided investors with a closer look at the factors that put Tecan in a strong position to capitalize on the global megatrends driving the demand for scalable healthcare solutions. Participants in-person and online were able to enjoy a sneak preview of upcoming product launches and hear the details of strong new partnerships that together can return Tecan to its demonstrated track record of above-market profitable mid-term growth. Visit Tecan’s Investor Overview page to access the presentations and recording from Capital Markets Day: https://lnkd.in/dn6ADms8

  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    𝐇𝐨𝐰 𝐜𝐚𝐧 𝐚𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐰𝐨𝐫𝐤𝐟𝐥𝐨𝐰𝐬 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐲𝐨𝐮𝐫 𝐥𝐚𝐛? With growing demands in genomics, efficiency and high-quality data are critical. ElysION™, developed through the partnership between Oxford Nanopore Technologies and Tecan, delivers a fully automated sample-to-answer sequencing solution. Want to learn more? Join Anna Maria Niewiadomska and Steph Wilbraham for an exclusive live webinar on how ElysION streamlined genomics in the lab. Register here: https://lnkd.in/gtvKSr52 #Nanopore #Genomics #Sequencing #OEM#LabAutomation

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  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    𝐋𝐢𝐯𝐞 𝐟𝐫𝐨𝐦 𝐓𝐡𝐞 𝐌𝐞𝐝𝐓𝐞𝐜𝐡 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 2024: 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐓𝐨𝐠𝐞𝐭𝐡𝐞𝐫. As Day 2 progresses, we’re appreciative of the vibrant energy and valuable exchanges taking place. Our discussions here are centered on how Tecan is at the forefront of medical device development, leveraging advanced science, physics, and deep expertise in technology development to accelerate innovation. Beyond development, we also offer full manufacturing services, supporting our customers from concept to commercialization. A partnership with Tecan means you gain a strategic ally for scaling your business and driving long-term growth. A sincere thank you to MassMEDIC for their partnership and for creating a space that fosters meaningful collaboration. If you haven’t had the opportunity yet, we invite you to visit us in the MassMEDIC pavilion and discover what’s next on our path to pioneering advancements in medical technology. 𝐌𝐞𝐞𝐭 𝐮𝐬 𝐚𝐭 𝐭𝐡𝐞 𝐬𝐡𝐨𝐰: https://lnkd.in/dU2Q_zNY #MedTech #Innovation #TMC24 #Healthcare

    View organization page for MassMEDIC , graphic

    5,372 followers

    We had a wonderful first day at The MedTech Conference in Toronto! Thank you to all who stopped by and learned more about the active #medtech ecosystem in Mass.! A HUGE shout out to EPAM Systems for sponsoring the coffee during this event that is giving us all the energy to keep on keeping on, despite the late-night networking events. We are proud to be here with our friends the Massachusetts Life Sciences Center, representing the #heartofhealthtech in the #Commonwealth, and our members EPAM Systems, Demcon life sciences & health, Tecan, Smith+Nephew, Cyient, Teleflex and Trinzo! If you are at the show, make sure to stop by booth 818 and say hi! Rachel Robinson Brian Johnson Kayla Fasken #MTC24

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  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    Last week, Tecan participated in the 2024 Association of Malaysian Medical Industries (AMMI) show. Our facility, often called the "Factory in the Forest," combines cutting-edge technology with sustainable practices, offering FDA-certified production of Class III medical devices. We also highlighted Tecan's Cavro® components—precision-engineered solutions that are at the heart of many of today's healthcare technologies. Thank you to AMMI for hosting such an engaging event.  We look forward to next year! Learn more about Tecan's manufacturing capabilities: https://lnkd.in/deC_9rTk Learn more about Cavro’s pump portfolio: https://lnkd.in/dmDxHnPR #ContractManufacturing #Sustainability #MedicalDevice #ScalingHealthcare

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  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    In today’s fast-paced genomics landscape, labs need efficiency, automation, and cost-effective solutions to stay ahead of the curve. Join our live webinar to learn how Oxford Nanopore Technologies and Tecan joined forces to create ElysION™ - an automated, sample-to-answer nanopore sequencing solution. Discover how this device streamlines genomic workflows, improves data quality, and reduces costs for labs of any size. Experts will discuss: • Key benefits of automating genomic workflows • OEM partnership strategies for innovation • How ElysION transforms genomic sequencing Sign up here: https://lnkd.in/g8vm4XeE #Nanopore #Genomics #Sequencing #OEM#LabAutomation

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  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    𝐓𝐞𝐜𝐚𝐧: 𝐀 𝐍𝐚𝐦𝐞 𝐘𝐨𝐮 𝐓𝐫𝐮𝐬𝐭 - 𝐍𝐨𝐰 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐌𝐞𝐝𝐓𝐞𝐜𝐡 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐓𝐨𝐨 At Tecan, we're known for our life sciences expertise, but did you know we're making waves in MedTech as well? Our technology development group is bringing the same precision and innovation to the medical device world, and we’re excited to showcase this and meet with industry leaders at The MedTech Conference 2024. Through our partnership with MassMEDIC we’ll be in their pavilion, ready to collaborate with you on your next big project. Our team is at the forefront of developing complex medical devices, rapidly turning concepts into working prototypes to help you reach your growth ambitions faster than ever before. We understand the science and the stakes—because we’re MedTech too. Let’s connect at the show and explore how Tecan can help you deliver groundbreaking healthcare solutions from concept to commercialization. Book a meeting with us at the conference and discover how "This is Tecan Too": https://lnkd.in/day-ttcv #MedTech #Innovation #PatientCare #TMC24

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  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐝𝐨𝐞𝐬𝐧'𝐭 𝐰𝐚𝐢𝐭, 𝐚𝐧𝐝 𝐧𝐞𝐢𝐭𝐡𝐞𝐫 𝐬𝐡𝐨𝐮𝐥𝐝 𝐲𝐨𝐮𝐫 𝐌𝐞𝐝𝐓𝐞𝐜𝐡 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬. We're excited to announce that Tecan's technology development group will be at The MedTech Conference 2024. Find us in the MassMEDIC pavilion, where we're ready to discuss collaboration on your next medical technology project. At Tecan, we excel in delivering rapid, impactful solutions for energy-based medical devices. Our strategic, science-driven approach accelerates the development process, turning years into months, helping your innovations reach the market faster. Let’s discuss how Tecan can support your R&D needs and beyond with our global product development and manufacturing capabilities. 𝐁𝐨𝐨𝐤 𝐚 𝐦𝐞𝐞𝐭𝐢𝐧𝐠: https://lnkd.in/dWkpYBiV #MedTech #Innovation #Healthcare #R&D #TMC24

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  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    Meet Tecan’s technology development group, Emphysys, at The MedTech Conference next month, where we will be showcasing our expertise in developing advanced solutions for energy-based medical devices. Visit us at the MassMEDIC pavilion to explore how our science-driven approach can accelerate your next MedTech project. Our team will be available to discuss how we can support your R&D needs from concept to manufacturing. Book a meeting at the show to talk with our experts: https://lnkd.in/dU2Q_zNY #MedTech #Innovation #Healthcare #R&D #TMC24

  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    Bringing new medical technology to market requires vision, determination, and the right approach to transform innovative ideas into life-saving devices. We’re here to ensure that your technological breakthroughs reach those who need them most as quickly as possible. We’re excited to join LSI again for their second MedTech partnering event this year, LSI Europe 24! Kevin Dempsey, Sr. Director of Business Development at Tecan’s technology development group, will present on the critical differences between subsystem-level design and system-level design in medical device development. Kevin will highlight how our science-based approach, paired with our 'fail fast' discovery method and expertise in RF energy delivery, enables us to develop working prototypes for cutting-edge technology in mere months, not years. Schedule a meeting at #LSIEurope24 to learn how we optimize development from a holistic perspective, ensuring that innovation doesn’t just happen—it thrives. Book a meeting: https://lnkd.in/dKjBSgWr #MedTech #MedicalDevices #Innovation #SystemDesign

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  • Paramit reposted this

    View organization page for Tecan, graphic

    56,142 followers

    𝐑𝐞𝐟𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐨𝐧 𝐌𝐞𝐝𝐓𝐞𝐜𝐡 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐞𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞 𝐢𝐧 2024. It’s that exciting time of year when Medical Design & Outsourcing releases the Big 100. This comprehensive guide highlights the top companies shaping the future of MedTech. Their achievements reflect a commitment to quality, innovation, and the betterment of patient care. At Tecan, we understand the complexities and challenges of bringing new medical technologies to market. From the initial stages of research, design and prototyping to precision manufacturing and commercialization, our goal is to support our partners every step of the way. We are driven by the vision of turning groundbreaking ideas into tangible, life-saving solutions and are committed to helping our customers bring those technologies to the patient as quickly as possible. We are proud to sponsor the Big 100 and celebrate these industry leaders. Access the full list here: https://lnkd.in/diAKckcw #MedTech #CDMO #Healthcare #Big100 #IndustryLeaders

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Funding

Paramit 1 total round

Last Round

Private equity

US$ 45.3M

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