Paper achieved rapid growth by increasing its annual recurring revenue (ARR) 25x within one month following the launch of its Paper Desktop product.
This growth is attributed to the rapid adoption of its design tool among teams working with AI coding agents, including early customers like Ramp, Lovable, and Harvey.
Thousands of teams now pay for Paper, and the company has consistently ranked at the top of Ramp's fastest-growing companies list for four consecutive months.
This growth, backed by a $34M Series A financing round led by Accel and ICONIQ, brings Paper’s total funding to $38.5M.
With a strong emphasis on agent-scale design tools and integrations with its proprietary coding agent tools like Inspect, Paper continues to expand its customer base, innovate its product offering, and cater to engineers, sales teams, and growth teams.