Paramify Raises $12M Series A to Expand Automated Enterprise Risk and Compliance Platform
Paramify, a Lehi, Utah–based enterprise risk and compliance management platform, has secured $12 million in Series A funding to accelerate its expansion beyond federal compliance into broader enterprise risk management and automation workflows. The latest financing reflects growing investor confidence in the company’s mission to streamline and automate governance, risk, and compliance (GRC) processes for organizations facing increasingly complex regulatory requirements.
The Series A round was led by Moore Strategic Ventures, the investment vehicle founded by Louis Bacon, with participation from Album VC, Next Frontier Capital and Frazier VC. With this backing, Paramify is well‑positioned to scale its technology and team as demand rises for automated risk management tools in both commercial and government ecosystems.
Founded in 2022, Paramify has built a platform that helps organizations automate the documentation, management, and reporting required for compliance with frameworks like FedRAMP, CMMC, FISMA and a growing list of commercial standards. Its technology aims to eliminate much of the manual labor traditionally associated with compiling security system plans, plans of action and milestones, and continuous monitoring evidence, reducing what once took months of effort into hours with automated workflows.
Paramify’s Series A funding will be used to advance the company’s product roadmap and grow its capabilities to support a wider range of compliance and risk frameworks. The company plans to invest in enhancing its automation features, expanding into support for commercial standards such as SOC 2, HIPAA and ISO 27001, and scaling its unified risk management offering across enterprise use cases.
Kenny Scott, Founder and CEO of Paramify, said the company’s growth—more than four‑fold year‑over‑year—has been driven almost entirely by organic customer demand and the strength of its product. He emphasized that the new capital will enable Paramify to scale both its product and team to meet rising market demand for automated compliance capabilities.
Paramify’s platform has gained adoption among more than 150 enterprise organizations operating in federal and highly regulated environments, including global technology leaders and fast‑growing innovators. These customers use the platform to automate and manage documentation for frameworks ranging from government programs like FedRAMP and DoD Impact Levels to commercial standards and international compliance regimes.
In addition to direct customer use, Paramify’s solution is employed by leading advisory and assurance firms that partner with enterprises to deliver compliance outcomes. These firms integrate Paramify’s automation into their service offerings to help clients streamline audit preparation, evidence collection and continual risk assessment.
The company’s expanded focus on enterprise risk and issues management builds on Paramify’s original strength in compliance documentation automation. The Series A capital will support development across three core areas: simplifying risk and issues management across business units and frameworks, enabling continuous monitoring and triage of issues in complex environments, and extending automated evidence operations that meet stringent enterprise security expectations without invasive third‑party data collection models.
Paramify’s technology is designed to help organizations operating in diverse regulatory landscapes manage their security and compliance posture more effectively. By consolidating documentation, risk assessment, and compliance workflows into a single platform, the company aims to reduce friction and rework that have historically slowed down audits, slowed time to authorization, and increased costs for security teams.
The funding comes amid broader market momentum for automated and AI‑enabled compliance tools as organizations of all sizes grapple with regulatory complexity and the need for robust risk management. As enterprises seek to integrate continuous compliance and real‑time monitoring into their security programs, platforms like Paramify’s are gaining traction as alternatives to manual processes that rely on spreadsheets and disparate documentation methods.
With its Series A financing in place, Paramify plans to accelerate growth in product innovation and market expansion. The company aims to broaden support for various regulatory frameworks, enhance automation capabilities, and grow its customer base into new sectors where compliance and risk management automation can deliver significant operational efficiencies.
Paramify’s trajectory from a seed‑stage startup to a Series A‑backed company reflects the rising demand for tools that make enterprise compliance easier, more efficient and less resource‑intensive. The fresh funding positions Paramify to build on its early success, extend its platform’s reach, and help organizations navigate increasingly complex compliance and risk landscapes more effectively.
