Paragon, a Los Angeles, CA-based startup building a platform that integrates and aggregates various software-as-a-service (SaaS) apps for enterprise clients, raised $13 million in Series A funding. To date, Paragon has raised a total of $16.5 million.
The round was led by Inspired Capital, alongside previous investors FundersClub and Garuda Ventures.
The proceeds will be put toward “scaling” and expanding Paragon’s team across the engineering and go-to-market teams.
Company: Forge Technology, Inc.
Raised: $13.0M
Round: Series A
Funding Month: July 2022
Lead Investors: Inspired Capital
Additional Investors: FundersClub and Garuda Ventures
Company Website: https://www.useparagon.com/
Software Category: Embedded Integration platform
About the Company: Founded in 2019, Paragon is an embedded integration platform for SaaS apps, Paragon enables companies to build products that integrate with the SaaS ecosystem. With Paragon, software companies can integrate with hundreds of different SaaS apps in minutes while providing their customers with a seamless, unified integration experience. Our vision is to build the connecting layer for all software that enables every application in the world to work together seamlessly. Paragon offers two versions of its service: cloud-hosted and on-premise. Both store and manage end-user authentication credentials so that companies don’t have to manually build and maintain authentication for each app integration individually. They both also store integration data for logging and observability purposes.
Source: https://techcrunch.com/2022/07/27/paragon-wants-to-be-the-plaid-of-saas-apps/
https://www.useparagon.com/blog/series-a