About Parsons
Parsons provides solutions in national security, defense, and global infrastructure. The company offers a wide range of services, including infrastructure projects and advanced technology solutions, to both government and commercial clients. Their work involves systems and software engineering, quality assurance, compliance, and security. Parsons stands out from competitors by focusing on long-term partnerships and project-based engagements, ensuring high-value solutions for complex challenges. The goal of Parsons is to enhance the efficiency and security of operations through the use of artificial intelligence, preparing large-scale data for AI applications and maintaining the integrity of vital systems.
Centreville, VirginiaHeadquarters
1944Year Founded
$243.2MTotal Funding
IPOCompany Stage
Industrial & Manufacturing, AI & Machine Learning, DefenseIndustries
10,001+Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Paid Vacation
401(k) Retirement Plan
401(k) Company Match
Flexible Work Hours
Employee Stock Ownership Plan
Risks
Dependence on government contracts risks budget cuts affecting revenue.
Competition from tech giants in AI solutions could challenge market share.
Geopolitical tensions may disrupt the supply of critical metals for projects.
Differentiation
Parsons specializes in national security, defense, and global infrastructure solutions.
The company integrates AI to enhance efficiency and security in client operations.
Parsons has a strong track record with government and commercial contracts.
Upsides
Parsons benefits from increased government spending on defense and infrastructure.
The company is positioned to capitalize on smart city initiatives globally.
Growing demand for AI-driven cybersecurity solutions boosts Parsons' market potential.
Funding
Total raised$243.18 M
StageIPO
POST IPO CONVERTIBLE
1/31/2024$700
GRANT
2/28/2021$250