Paragon

Paragon

Platform for building native integrations

About

Paragon offers a platform for product and engineering teams to build and manage native integrations for their applications. Their service includes a Software Development Kit (SDK) and an embedded Integration Platform as a Service (iPaaS), allowing clients to create integrations with third-party applications much faster than doing it in-house. The platform simplifies user authentication and adapts to changes in third-party APIs, while also providing tools like a workflow builder and pre-built connectors. Paragon's goal is to enhance the integration experience for clients and their users, charging based on the usage of its services.

Company Stage

Series A

Employees

51-200

Industries

Data & Analytics, Enterprise Software

Total Funding

$18.8M

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.

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Growth & Insights
Headcount

6 month growth

5%

1 year growth

8%

2 year growth

70%

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