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Paragon

Paragon

Platform for building native integrations

About

Paragon provides a platform for product and engineering teams to create and manage native integrations for their applications. It offers a Software Development Kit (SDK) and an embedded Integration Platform as a Service (iPaaS), enabling clients to build integrations with third-party applications significantly faster than doing it in-house. The platform simplifies complex tasks like user authentication and adapting to changes in third-party APIs, which eases the workload for engineering teams. Paragon also includes a workflow builder for defining integration logic, pre-built connectors and triggers, and a monitoring suite to ensure reliability. This platform is designed to be embedded directly into clients' products, creating a smooth integration experience for users. Paragon generates revenue by charging clients based on the usage of its platform and services, with pricing varying according to the scale and complexity of the integrations needed.

Company Stage

Series A

Employees

51-200

Industries

Enterprise Software

Total Funding

$15.7M

Headquarters

N/A

Founded

2019


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Simplify's Take

What believers are saying

  • Recent funding rounds, including a $16.7M equity investment and a $13M Series A, position Paragon for aggressive expansion and accelerated product development.
  • The launch of the Custom Integration Builder and new integrations with major platforms like Marketo and Zoom highlight Paragon's commitment to continuous innovation.
  • Being a part of Y Combinator's Winter 2020 cohort and receiving recognition in the low-code and no-code space enhances Paragon's credibility and market presence.

What critics are saying

  • The competitive landscape in the SaaS integration market is intense, with numerous players vying for market share.
  • Rapid expansion and scaling efforts could lead to operational challenges and potential dilution of company culture.

What makes Paragon unique

  • Paragon's platform allows product and engineering teams to build and maintain integrations 7 times faster than in-house solutions, providing a significant time-saving advantage.
  • The company offers a unique combination of an SDK and an embedded iPaaS, which is not commonly found in competitors' offerings.
  • Paragon's focus on seamless user authentication and keeping up with changes in third-party APIs reduces the operational burden on clients' engineering teams.

Growth & Insights
Headcount

6 month growth

6%

1 year growth

6%

2 year growth

176%

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