SALT LAKE CITY — Paramify, a leading risk operations platform for enterprise organizations, announced a $12 million Series A investment led by Moore Strategic Ventures, with participation from Frazier VC and existing investors Album VC, and Next Frontier Capital. This investment supports Paramify’s next stage of growth as the company expands its leadership position in federal compliance into a unified, enterprise risk management system for organizations with complex security and regulatory requirements.

“Paramify has become the platform of choice for enterprises that cannot afford to get compliance or risk management wrong,” said Kenny Scott, Founder and CEO of Paramify. “Our growth — more than 4x year-over-year — has been driven almost entirely by organic customer demand and the strength of our product. With this investment, we will scale both the product and our team to meet that demand and continue delivering the automation, control, and speed that enterprise GRC teams have been asking for.”

“Paramify has become the platform of choice for organizations that prioritize transparent, excellent risk management over superficial compliance and ‘security theater’,” said Kenny Scott, Founder and CEO of Paramify. “Our growth — more than 4x year-over-year — has been driven almost entirely by organic customer demand and the strength of our product. With this investment, we will scale both the product and our team to meet that demand and continue delivering the automation, control, and speed that enterprise GRC teams have been asking for.”

The company’s platform is widely adopted across federal and highly regulated environments, supporting a broad set of frameworks including FedRAMP, CMMC, FISMA, and other federal and commercial standards. Today, Paramify serves more than 150 enterprise organizations, ranging from global technology leaders to hyper-growth innovators, including Cisco, Palo Alto Networks, Elastic, Ramp, and xAI. Many top advisory and assurance firms, including Coalfire, Schellman, A-lign, and Steel Patriot Partners, also partner with Paramify to scale faster while improving compliance and risk management for their customers.

“Paramify has fundamentally improved how Axon runs its compliance program,” said Colton Bohn, Senior Security Engineer at Axon. “Automation, built-in controls, and continuous product expansion have delivered significant efficiency gains and are helping our teams operate at scale.”

With the additional capital, Paramify will accelerate development to simplify and automate risk management and compliance across commercial (SOC 2, PCI DSS, HITRUST, HIPPA), government (FISMA, DoD ATO, GC Security Control Profile), and international frameworks (ISO 27001), for both small and complex enterprise-level organizations.

“Paramify has become an important partner in enabling faster, more predictable federal and enterprise compliance outcomes for our clients,” said Karen Laughton, Executive Vice President, Advisory at Coalfire. “Their technology eliminates the friction, rework, and ambiguity that have historically slowed down complex engagements. Working with Paramify allows our teams to deliver higher-quality results in less time, which is a benefit both to our clients and the broader compliance ecosystem. We are excited to support their continued growth.”

Expanding Beyond Federal Compliance

Paramify’s mission is to make enterprise risk management accessible, efficient, and repeatable for organizations operating across multiple frameworks, systems, and product environments. Preparing for federal authorization has traditionally required months, or even years, of manual documentation and evidence gathering. Customers using Paramify have demonstrated the ability to produce high-quality, audit-ready materials in a fraction of that time, in some cases drafting a complete authorization package in only a few hours.

With the additional capital, Paramify will accelerate development across three core areas:

  • Enterprise Risk & Issues Management - Simplify and automate risk management across business units, products, and frameworks — including commercial (SOC 2, PCI DSS, HITRUST, HIPPA), government (FISMA, DoD ATO, GC Security Control Profile), and international frameworks (ISO 27001) — in one easy-to-manage platform.
  • Continuous Monitoring - enabling ongoing assessment, triage, and resolution of issues across complex operating environments.
  • Automated Evidence Operations - Delivering automation in ways that meet enterprise security expectations, without the risks introduced by invasive third-party data collection models.

Paramify will also expand support for commercial, international, and AI-focused frameworks, enabling organizations to manage an increasingly wide and demanding compliance landscape from one platform.

About Paramify

Paramify is the leading enterprise Risk Management platform for GRC professionals, consultants, and advisory firms, using automation and AI to eliminate the paper chase and manual tasks in frameworks like FedRAMP, CMMC, DoD Impact Levels, GovRAMP, SOC 2, and more — cutting compliance work from months to hours. Founded in 2022, Paramify powers hundreds of enterprise programs, including over 20% of the FedRAMP Marketplace, and is trusted by top GRC consulting and advisory organizations as the go-to platform for delivering faster, higher-quality outcomes. Learn more at www.paramify.com.

About Moore Strategic Ventures

Moore Strategic Ventures, LLC is the privately held investment company for Louis M. Bacon, Founder and CEO of Moore Capital Management, LP.