West L.A.-based Paragon, an integration platform for software program as a service apps, introduced $13 million in funding in a Collection A spherical led by Impressed Capital with participation from earlier traders FundersClub, Garuda Ventures and Jude Gomila, bringing the corporate’s complete funding to $16.5 million.
The corporate was based in 2019 by Brandon Foo and Ishmael Samuel, who noticed a necessity for builders to have an avenue that may make the mixing of technological assets like Salesforce, Slack or Hubspot easier and cheaper.
Paragon gives builders a package that helps firms construct and keep their product integrations in a sooner, cheaper manner. In a weblog submit, Foo wrote that the corporate’s imaginative and prescient is to do for SaaS integrations what Plaid, a monetary providers firm, had carried out for banking integrations.
“With the funding from our Collection A, we’ll proceed to spend money on making Paragon the very best answer for builders constructing product integrations. We intention to supply probably the most highly effective, versatile developer expertise via our SDK and APIs… Moreover, we’re investing in increasing our integration catalog quickly to assist the wants of our rising buyer base,” Foo wrote. “Because the software program ecosystem grows, we envision Paragon because the connective layer for all software program. Simply as Plaid has made it nearly inconceivable for any firm to construct their banking integrations, we imagine no firm will ever need to develop or keep their very own SaaS integrations once more due to Paragon.”
The extra funding will assist the corporate to proceed growing its options and additional develop the 45 software program methods it at present helps, like QuickBooks and Microsoft Groups. Paragon says it can embrace a customized integration builder that may permit prospects to construct their very own connector with any API and develop into new integration classes like promoting. In line with Constructed In LA, the corporate is hiring throughout a number of areas and is planning to develop its crew to 40 individuals.