Paramit

Paramit

Medical Equipment Manufacturing

Morgan Hill, California 12,356 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.

Website
http://www.paramit.com
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

    54,388 followers

    𝐓𝐡𝐚𝐧𝐤 𝐲𝐨𝐮 𝐟𝐨𝐫 𝐯𝐢𝐬𝐢𝐭𝐢𝐧𝐠 𝐮𝐬 𝐚𝐭 𝐀𝐃𝐋𝐌 2024! We had an amazing time at the ADLM event in Chicago last week! A big thank you to everyone who stopped by our booth to explore our OEM expertise. If you missed out on our special edition of the Tecan Journal, don’t panic! You can dive into the ADLM special edition online. Learn how Tecan’s OEM capabilities are helping its customers to achieve the precision and reliability they require, while optimizing their total cost of ownership: https://lnkd.in/d82T_WUK Enjoy the read! #TecanJournal #ADLM2024 #Diagnostics #OEM #Innovation #Healthcare

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  • Paramit reposted this

    View organization page for Tecan, graphic

    54,388 followers

    𝐃𝐚𝐲 2 𝐚𝐭 𝐀𝐃𝐋𝐌 𝐢𝐬 𝐨𝐟𝐟 𝐭𝐨 𝐚𝐧 𝐞𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐬𝐭𝐚𝐫𝐭 𝐚𝐭 𝐭𝐡𝐞 𝐓𝐞𝐜𝐚𝐧 𝐛𝐨𝐨𝐭𝐡! We believe growth goes beyond innovation—it's about building strategic partnerships that drive efficiency and success.  We understand the complexities of bringing diagnostics instruments to market from development through manufacturing and beyond, and we’ve walked this path with countless partners to help them reach their growth ambitions.   Explore our advanced solutions, including our vPoke® technology, designed for flexible and scalable production to learn how Tecan can help you achieve operational excellence. Talk to experts such as Madhu Vasudevamurthy, Vice President Partnering Systems, at our booth 3810 today to learn more! #Tecan #ADLM2024 #HealthcareInnovation #OEM #Automation

  • Paramit reposted this

    View organization page for Tecan, graphic

    54,388 followers

    𝐖𝐞’𝐫𝐞 𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐝𝐨𝐰𝐧 𝐭𝐡𝐞 𝐝𝐚𝐲𝐬 𝐮𝐧𝐭𝐢𝐥 𝐀𝐃𝐋𝐌 2024! Our team of experts are eagerly waiting to show you Tecan’s cutting-edge OEM solutions. We’re here to elevate your projects with proven expertise in precision components, automation development and contract manufacturing. Visit us at booth 3810 and let Tecan show you how we can help scale your business for long-term growth. 📅 Reserve a meeting with our team and learn more about our innovative solutions: https://lnkd.in/du7K5iEh We’re excited to meet you and explore new possibilities together at ADLM 2024! #ADLM2024 #ScalingHealthcare #ClinicalDiagnostics #Innovation #OEM #Automation

  • Paramit reposted this

    View organization page for Tecan, graphic

    54,388 followers

    𝐆𝐞𝐭 𝐫𝐞𝐚𝐝𝐲 𝐟𝐨𝐫 𝐀𝐃𝐋𝐌 2024 𝐢𝐧 𝐂𝐡𝐢𝐜𝐚𝐠𝐨! Our proven expertise runs as deep as Chicago’s famous deep-dish pizza 🍕 Come grab a slice of Tecan know-how and see how our OEM solutions can elevate your projects and help you scale your business for long-term growth. Let’s work together to push the boundaries of what’s possible in healthcare. 📅 Schedule your one-on-one session and see how our partnership can drive your success. https://lnkd.in/dDS6rbMV We can’t wait to see you in Chicago!  #ADLM2024 #ScalingHealthcare #ClinicalDiagnostics #Innovation

  • Paramit reposted this

    View organization page for Tecan, graphic

    54,388 followers

    𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦: 𝐭𝐡𝐞 𝐫𝐞𝐚𝐥 𝐜𝐨𝐬𝐭 𝐨𝐟 𝐢𝐧𝐬𝐭𝐫𝐮𝐦𝐞𝐧𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭. Bringing a novel life sciences or diagnostics instrument to market is a significant commitment, requiring years of planning and execution. While initial costs often dominate discussions, it’s crucial to consider the total cost of ownership (TCO) for both developers and end-users. TCO includes everything from purchase and installation to ongoing expenses like energy, maintenance, and consumables. Evaluating these factors helps healthcare companies make informed financial decisions for sustainable and cost-effective investments. Learn how Tecan's approach to TCO enhances end-user satisfaction and ensures long-term business growth. Read the full article here: https://lnkd.in/dxhUBZH8 Attending the ADLM conference in Chicago? Stop by Tecan’s booth #3810 and discover why Tecan is your strategic OEM partner.  #OEM #LabAutomation #Tecan #LifeSciences #IVD #ClinicalDiagnostics#TCO #ADLM2024

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  • Paramit reposted this

    View organization page for Tecan, graphic

    54,388 followers

    Curious about how disruptive technologies in the MedTech industry come to life? Join Dr. Kevin Dempsey from Tecan’s technology development group and Kayleen Brown with DeviceTalks as they delve into the 'fail fast' discovery method, cutting-edge new innovations in MedTech, and real-world examples of problem-solving in device development. In this interview, Kevin Dempsey discusses how Tecan partners with true disruptors, whether it’s assessing the viability of new technologies or filling critical knowledge gaps to revive stalled projects. Watch the full conversation here: https://lnkd.in/drSzJbM9 #MedTech #Innovation #MedicalDevices #TechnologyLeaders

  • Paramit reposted this

    View organization page for Tecan, graphic

    54,388 followers

    𝐉𝐨𝐢𝐧 𝐮𝐬 𝐚𝐭 𝐀𝐃𝐋𝐌 2024 𝐢𝐧 𝐂𝐡𝐢𝐜𝐚𝐠𝐨! At booth 3810, our team will be on hand to demonstrate Tecan’s proven expertise in healthcare OEM solutions. Discover how our tailored approaches can help you scale your business and reduce your total cost of ownership (TCO). From customizable instruments to comprehensive support, Tecan is your trusted partner in advancing healthcare. 📅 Reserve a meeting with our team and learn more about our innovative solutions: https://lnkd.in/dswt9ttW We’re excited to meet you and explore new possibilities together at ADLM 2024! #ADLM2024 #Chicago #HealthcareInnovation #ClinicalDiagnostics

  • Paramit reposted this

    View organization page for Tecan, graphic

    54,388 followers

    Cancer diagnostics is a complex field that demands continuous innovation and collective effort to advance. In the latest DeviceTalks episode, Mike Quick, VP of R&D and Innovation in Cytology & Oncology at Hologic, Inc., shares his remarkable journey through healthcare, discusses Hologic’s recent FDA clearance for the Genius Digital Diagnostics System, and explains the system's expected impact on cytology and women’s health. Tecan's CTO, Wael Yared, also joins the conversation.  He highlights Tecan’s pivotal role in life sciences and MedTech, describes recent innovations in automating research and diagnostic workflows, and elaborates on our collaboration with industry leaders to enhance cancer diagnostics. Listen to the full podcast now: https://lnkd.in/dWC2-Xeq #WomensHealth #HealthcareInnovation #CancerResearch #OEM

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  • Paramit reposted this

    View organization page for Tecan, graphic

    54,388 followers

    𝐓𝐡𝐚𝐧𝐤 𝐲𝐨𝐮 𝐭𝐨 𝐞𝐯𝐞𝐫𝐲𝐨𝐧𝐞 𝐰𝐡𝐨 𝐩𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐢𝐧 𝐓𝐞𝐜𝐚𝐧 𝐆𝐢𝐯𝐞𝐬 𝐁𝐚𝐜𝐤 2024! Over 750 of our colleagues participated in Tecan's fundraising month. Congratulations to all who took part in the activities supporting better physical and mental health. Your dedication makes a difference. This year we proudly donate to the Swiss Cancer Foundation and European Liquid Biopsy Society (ELBS), the conservation charity World Land Trust and CDH International - the World's Oldest. Largest, and Leading Congenital Diaphragmatic Hernia Charity. #CorporateResponsibility #Fundraising #TecanGivesBack #Sustainability

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  • Paramit reposted this

    View organization page for Tecan, graphic

    54,388 followers

    Tecan’s technology development group, Emphysys, applies a strategic, science-based mind map approach to developing medical devices that revolutionize how new concepts are brought to market. In this three-part series, we dive into the 'fail fast discovery' method, a game-changer that accelerates solution delivery from years to mere months. See how the approach was applied during the development of a radio frequency (RF) medical device for a client to deliver optimized solutions. Despite a complex maze of variables, the Rapid Solution Blueprint method pinpoints critical issues, allowing the engineers to work highly efficiently in solving the challenge. Read the full blog at the link below and enhance your understanding with our exclusive infographic on the Rapid Solution Blueprint. https://lnkd.in/dsWsZRkM

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Funding

Paramit 1 total round

Last Round

Private equity

US$ 45.3M

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