Paragon

Company Overview

Snapshot

Founded in April 2019 by Idan Nurick, Ehud Barak, Ehud Schneorson, Liad Avraham, and Igor Bogudlov, Paragon has grown to over 500 employees. The company raised $30M across one funding round from three investors. In December 2024, Paragon was acquired by AE Industrial Partners.

Business overview

Paragon is an offense-focused cyber company that provides digital intelligence for smartphone and internet surveillance solutions. The company's core technology enables the extraction of information from targeted devices, specifically focusing on conversations within chat applications. Paragon operates with strict ethical guidelines, collaborating exclusively with police forces and intelligence agencies in 39 countries that meet the standards of enlightened democracies. It serves the public security and defense sectors, specializing in cyber security and security intelligence.

Strategic signal

In June 2025, Paragon announced plans to lease additional office space in Tel Aviv and hire approximately 150 new employees. This expansion signals significant growth and increased operational capacity, indicating strong demand for its smartphone and internet surveillance solutions and a strategic move to scale its workforce and infrastructure.

Company Intelligence Q&A

When was Paragon acquired and by whom?

Paragon was acquired by US private equity firm AE Industrial Partners in December 2024.

What was the reported acquisition amount for Paragon?

US private equity firm AE Industrial Partners paid $900 million for Israeli cyberattack company Paragon, as reported in January 2025.

What are Paragon's ethical guidelines regarding its operations?

Paragon applies strict moral restrictions, limiting information extraction from targeted devices to chat app conversations and working solely with police forces and intelligence agencies in 39 countries that meet enlightened democracy standards.

What recent expansion plans has Paragon announced?

In June 2025, Paragon leased additional space in a Tel Aviv tower and announced plans to hire approximately 150 additional employees.