Get FedRAMP without a sponsor! 

Ensure Compliance with a FedRAMP-Authorized Solution For CMMC SSP Solution

We’re Fedramp 20x Mod Authorized!

Blog
/
Article

Paramify Announces $12 Million Series A Funding to Accelerate Enterprise Risk Management Expansion

This funding 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.

Mike Schreiner
|
53
min read

In This Article

FedRAMP 20x Process

Salt Lake City, Utah – December 18, 2025  Paramify, a leading risk operations platform for enterprise organizations, today announced a $12 million Series A investment led by Moore Strategic Ventures, with participation from existing investors Album VC and Next Frontier Capital, and Frazier VC. 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 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.

‍

Mike Schreiner
Dec 2025
Related posts

Paramify blog

Interviews, tips, guides, industry best practices, and news.

Automated Support for Any Security Compliance Platform Coming Soon! 

Manual FedRAMP is dead, and Paramify just raised $12 million to make sure it stays that way. Check out our roadmap, which includes new no-code AI agents, a customizable Trust Center, and full support for FedRAMP 20x. See why top advisory firms and enterprises like Cisco and Okta trust Paramify to replace security theater with actual security.
Read post

FedRAMP Authorized in 30 Days with 20x

Paramify is FedRAMP Authorized! Here’s how we did it and how we can help you submit for FedRAMP 20x in less than 30 days.
Read post

Streamline Your Compliance Journey with Prescient Security and Paramify

Paramify and Prescient Security join forces to streamline compliance for frameworks like FedRAMP and CMMC, combining automation with expert advisory to save time and boost audit readiness.
Read post
View all posts

Frequently Asked Questions

Can compliance advisors or consultants work in Paramify with us, and does it help with managed-service models?

Absolutely. Paramify is used by many advisory partners, RPOs, and MSPs to guide, generate, and manage documentation, perform gap assessments, facilitate policy/procedure drafting, and oversee remediation activities. Advisors can fill out templates, manage controls, and generate client-ready documents.

‍

We have privacy or compliance concerns, can we restrict what external reviewers can access?

Yes, you can assign role-based access controls in Paramify. Advisors or auditors can be given access only to certain programs, assessment and their related evidence.

Sensitive information can be withheld or redacted as needed, and only authorized reviewers see specific items.

‍

Can auditors or advisory partners get direct access to our Paramify environment, or do we have to export everything for them?

Yes, Paramify allows external assessors/auditors and advisors to be invited as users, with controlled permission levels. They can review specific evidence, policies, SSPs, POA&Ms, or assessment modules without accessing broader company data. 

Documentation — such as Appendix A, SSPs, procedures, and POAMs — can also be exported in multiple standard formats (Word, Excel, OSCAL, EMASS, PDF) as needed.

Can I get matched with an Advisor based on my specific needs?

Yes. You can use the Get Matched feature on our website. We will review your specific compliance goals and connect you with the partner best suited for your industry and timeline.

How do Advisors use Paramify during a FedRAMP engagement?

Advisors use Paramify to conduct Gap Assessments, map controls, Automate SSPs, and manage POA&Ms.

Instead of spending months writing Word documents, the Advisor inputs the system architecture and control implementations into Paramify, which then generates the required NIST-formatted documentation.

Does Paramify compete with its Advisors?

No. Paramify is a software company. We do not offer independent audit or long-term consulting services. Our goal is to empower Advisors with better tools so they can serve more clients effectively.

‍

What are the different partner tiers?

We feature Premier Partners prominently on our site. These are firms that have demonstrated a high level of proficiency with the Paramify platform and have successfully helped many clients through the authorization process using our tools.

How do I become an official Paramify Advisor Partner?

We look for firms with a proven track record in federal compliance. If you are interested in joining our network and leveraging our automation products, you can reach out via our contact page or schedule a demo to see how our tools fit into your workflow.

What is the benefit of using an Advisor who uses Paramify vs. one who doesn't?

Advisors using Paramify can accelerate your implementation and typically deliver documentation in a fraction of the time it takes without Paramify. This means:

  • Faster Implementation: An accelerated implementation roadmap keeps timelines predictable.
  • Lower Costs: Reduced manual consultant hours.
  • Higher Accuracy: Automation eliminates the "copy-paste" errors common in traditional SSPs.‍
  • Easier Maintenance: Your Advisor can help you manage POA&Ms and continuous monitoring within the platform.
Does working with an Advisor on this list guarantee FedRAMP or CMMC authorization?

No firm can "guarantee" authorization, as the final decision rests with the government authorizing body (e.g., the FedRAMP PMO or the DoD).

However, working with a Paramify Advisor significantly reduces the risk of documentation errors and ensures your package is built on a technically sound, automated foundation.

‍

How do I choose the right Advisor for my organization?

Our Advisor page allows you to filter partners by their specific expertise, such as FedRAMP, CMMC, FISMA, or GovRAMP.

Why does Paramify partner with Advisors?

Paramify is an “Iron Man suit” for GRC experts. We provide automation technology to generate and manage compliance documentation (like SSPs snd POA&Ms) while Advisors provide the expert human oversight and implementation expertise.

Together, we offer a "best-of-both-worlds" solution: expert consulting powered by industry-leading automation and risk management planning.

What is the Paramify Advisor Partner Network?

The Paramify Advisor Partner Network is a curated group of cybersecurity and compliance firms — including CMMC Registered Practitioner Organizations (RPOs) and accredited 3PAOs — that use Paramify’s platform to deliver faster, more accurate compliance outcomes for their clients.

I already have an advisor or very capable GRC team. Why do I need Paramify?

Use Paramify's Risk Solution platform to automate ATO packages, improving cost efficiency, speed, and accuracy. This frees your team to focus on more valuable efforts like security posture enhancement and compliance improvements.