PAPER RAISES $34M FOR AI-POWERED DESIGN PLATFORM

The round was announced exclusively to Axios Pro by CEO Stephen Haney. Paper's platform bridges the gap between design and development by allowing designers to work directly with production code and leverage AI agents for code generation and implementation. The funding positions the startup to expand its offering in the growing market of AI-assisted design tools. Accel and ICONIQ's participation signals strong investor confidence in the design-to-code automation space. The capital will likely support product development, team expansion, and market growth. The Series A comes as design teams increasingly adopt AI tools to accelerate workflows and reduce handoff friction between designers and engineers. Paper's direct code connection differentiates it from traditional design platforms that require manual developer translation of designs.