Prismatic

Overview

Prismatic is an embedded Integration Platform as a Service (iPaaS) company, specifically catering to B2B software companies to streamline their integration processes. Founded in 2019 by industry veterans Michael Zuercher, Beth Harwood, and Justin Hipple, Prismatic has scaled to serve a wide array of verticals by providing a low-code solution to build and deploy integrations rapidly. Headquartered in Sioux Falls, South Dakota, Prismatic has raised a total of $34 million in funding, including a recent $22 million Series B round led by Five Elms Capital.

Recent Developments

  • August 2024: Prismatic released a suite of components designed to enhance integration capabilities with financial operations platforms like Bill, Gusto, and Sage Intacct. These updates allow companies to integrate billing, vendor management, and invoicing solutions seamlessly.
  • April 2024: At the National Association of Broadcasters conference, The Prismatic Company announced its new LightWeave platform targeted at the creator community. This platform includes applications to optimize content creation and management at scale, with product launches anticipated in the summer and fall of 2024.
  • February 2024: Prismatic was awarded 11 badges in G2's Winter Report for Embedded Integration Platforms, securing its place as a leader in the iPaaS market. The company also announced a $22 million Series B funding round to further innovation in its integration platform.
  • September 2023: Prismatic introduced an embedded integration designer that allows users to create custom integrations within applications, empowering both developers and non-developers to tailor solutions to specific client needs.
  • August 2023: The company rolled out an update allowing for a more intuitive integration design experience, catering to both low-code and high-code users, thus broadening its service range to a wider B2B audience.

Company Information

AttributeInformation
Founding Date2019
HeadquartersSioux Falls, South Dakota
FoundersMichael Zuercher, Beth Harwood, Justin Hipple
RevenueNot Publicly Disclosed
ProfitsNot Publicly Disclosed
Key InvestorsFive Elms Capital
IndustryIntegration Platform as a Service (iPaaS)
Number of EmployeesNot Publicly Disclosed

Early History

Prismatic was founded in response to the growing demand for efficient integration solutions among B2B software companies. The founders, with extensive backgrounds in the software industry, identified the challenges software companies faced in integrating various products and services. To address these needs, they developed an embedded integration platform that prioritizes speed and ease of use for creating and deploying product integrations. The initial focus was on creating a toolset that streamlined the integration process, dramatically reducing the time required to launch new integrations from months to mere weeks or days.

Company Profile and Achievements

Prismatic's platform supports B2B SaaS companies by providing a comprehensive set of tools designed to simplify the integration of third-party services and applications. The platform offers:

  • Low-Code Integration Designer: Enables users to create complex integrations with minimal coding expertise, enhancing accessibility for a broader range of users.
  • Pre-Built Connectors and Components: Facilitates quicker connections with popular business apps, reducing the workload on developer teams.
  • Marketplace and Deployment Tools: Users can access a marketplace of integration solutions and deploy them at scale, allowing for customized offerings to clients.
  • Recognition and Awards: Prismatic has gained recognition as a leader in the embedded iPaaS space, consistently earning high user satisfaction ratings and awards from industry platforms like G2.

Current Operations and Market Position

Prismatic operates primarily within the B2B SaaS market, positioning itself as an essential tool for companies eager to streamline their integration tasks. The platform's core strength lies in its ability to reduce the complexities and time associated with building and managing integrations. This capability gives Prismatic a competitive edge, particularly for smaller companies or those lacking extensive in-house development teams. By emphasizing usability and scalability, Prismatic continues to attract growing market interest among enterprises seeking to improve their SaaS offerings.

Conclusion

Prismatic is an influential player in the embedded iPaaS industry, enabling B2B SaaS companies to enhance their product offerings through efficient and customizable integration solutions. The company's focus on innovation and usability has positioned it as a frontrunner in the market, earning it significant investment and recognition. As Prismatic continues to develop its platform and expand its capabilities, it remains poised to influence the trajectory of integration technology and support further advancements in seamless software connectivity.

References

  1. Prismatic Official Website
  2. Crunchbase Profile
  3. G2 Awards Article
  4. TechCrunch Funding Announcement
  5. PYMNTS Funding News