Paramify Raises $3.5 Million in Seed Funding to Transform Enterprise Security Compliance Solutions

Becki Johnson
|
53
min read

In This Article

Have you heard the great news? On August 21, 2024 Paramify announced that we’ve raised $3.5 million in seed funding from Album Ventures and Next Frontier Capital

Too many GRC professionals have been tortured by the hideous compliance documentation process that existed before Paramify’s launch in October, 2023. Now, things are looking up.

We’ve tackled faster, easier SSP generation and management, but there’s so much more to do. Seed funding is going to get us there – fast. You can expect to see improved automation for ConMon and POA&Ms, plus more compliance frameworks and product integrations. 

It’s going to be so good. We can’t wait to show you what’s next. 

What is Paramify?

Paramify is security planning and documentation software that automates the compliance documentation process that GRC professionals love to hate – including FedRAMP, StateRAMP, TX-RAMP, CMMC, and SOC2, with more frameworks coming soon. 

The documentation process for FedRAMP takes hours with Paramify, instead of the months (or years) it takes to complete the old-fashioned way. 

Mike Parisi, Head of Client Acquisition at 3PAO assessment firm Schellman says:

“Paramify has helped organizations, many of which are our clients, automate the creation of documentation packages – in addition to other capabilities – faster and more accurately than I have ever seen in the marketplace to date.” 

ATO Packages created with paramify use the Open Security Controls Assessment Language (OSCAL), a next-generation standard from the National Institute of Standards and Technology (NIST). This allows continuous, automated security control assessments. 

Paramify clients can also quickly transition their manually maintained SSPs and other documentation, and leverage AI to pinpoint improvements, ending the reliance on word document and spreadsheet updates.

→ Get a free demo to preview your shiny new SSP

What are the Benefits of Using Paramify?

Paramify allows CSPs selling services to the government to waste less time, energy, and money all while giving back the bandwidth to really improve their security. 

With Paramify, you can:

“As it happens, the endless paperchase tends to drive cybersecurity professionals to the brink of insanity. Paramify automates that paperchase – it's an Iron Man suit for your GRC team. Thanks to our team and community, it just keeps getting better,” said Kenny Scott, Founder and CEO. 

The Downside to Using Paramify 

Organizations large and small waste less time and money, watch fewer employees break down in mental anguish, and produce much more accurate documentation that’s easy to update and adjust when they use Paramify. 

So you might ask, what’s the catch?

The only catch is – are you willing to change for the better?

Like, what’s the catch of:

  • Asking Siri for directions rather than unfolding a map the entire size of the interior of your vehicle?  
  • Texting that hiiilarious video of your dog to your mom rather than pumping out a telegram in morse code describing Fido’s latest antics? 

But, breakups are hard. Even when your manually produced SSP has as many errors as your ex has narcissistic tendencies. 

When you’re ready, we’d love to lighten your load with SSP automation

Our promise? 

To make your transition to the modern age as gentle as possible. We can even absorb your legacy SSP. 

→ See how simple documentation should be with a free Paramify demo

Do ATO Packages Built with Paramify Pass Audit and Get FedRAMP Authorized? 

Many ATO packages built with Paramify have successfully been through assessment. The verdict: they love what they see. 

One 3PAO even called our documentation “beautiful.” 

We’re still blushing. 

Risk Solutions Create Simpler Documents

Documents built with Paramify’s one-of-a-kind Risk Solutions platform do look different than what most GRC pros are used to seeing. Some worry they’re too different to work. 

But, they’re different like a kid who used to have snot all over his face and finally discovered tissues. 

Different. But better. 

Risk Solutions simplify and improve your documentation, while making it more user friendly. A Risk Solution is a security capability that can be mapped to many requirements.  

Paramify keeps a library of vetted Risk Solutions that are audited and certified many times over. You can use these solutions as-is, customize them, or write your own. 

Updating one Risk Solution will automatically update every requirement and document that it maps to. It’s simple, it’s efficient, and they’re written in a way that’s accessible to many departments for better project management. 

Again, different, but that’s good. 

Who’s Using Paramify? 

Paramify Customers

Many amazing CSPs have trusted us with their compliance documentation and we love helping them improve their process. 

Paramify customers include Palo Alto Networks, Adobe, Cisco, Trellix, Keeper Security, plus many other leading FedRAMP authorized cloud service providers. 

GRC Advisory Firms Using Paramify

Leading GRC advisory firms also partner with Paramify to reach their customers’ compliance goals. We work with:

We recommend using any of these firms to fast-track your FedRAMP or StateRAMP journey. Reach out to contact@paramify.com for the full list. 

If you use an advisory firm and they aren’t using Paramify yet, let them know you’d like to make the change. We’re adding new partnerships all the time.  

What’s Paramify Doing Next?

The road map is simple – use seed funding to help all GRC pros face Monday morning without dread and do it as fast as possible. 

We’re now developing products to improve and automate

No stopping until all the captives are freed. 

→ Participate in our limited Beta for POA&M Management 

How Did Paramify Begin?

Ah, like many origin stories, Paramify began with a sad, angry man. 

Kenny Scott, formerly a surfing, punk-rocking, super dude found himself on the wrong side of compliance documentation.

Which is to say, anywhere near it. 

With a family that enjoys fancy things like food and shelter, Kenny had to find a way to fight off the gnarly pit of doom that gnawed at his stomach every Sunday night before he got back to his GRC career nightmare. 

But, there was only one way to love GRC – to change it.

Kenny dove in and started to find the patterns. The Adobe Common Controls Framework was born. It was better, but more needed to be done to free all of Kenny’s GRC captive friends. 

With ideas and a prototype in hand, Kenny teamed up with professional developer, designer, and overall wizard, Tyler Stephens

Thus, Paramify, and, agony-less, GRC, came to be.

“Paramify has been able to identify one of the most onerous tasks of any large tech organization and apply an incredibly simple solution to alleviate the pain that these teams experience,” said Diogo Myrrha, Partner at Album. “We are excited to partner with Paramify in reshaping the way security and compliance is done and now actively monitored.”

Get Your Compliance Documentation with Paramify

Ready to get compliance documentation fast, without the headache you’re used to? We’d love to help. 

→ See our pricing

→ Sign up for a free demo or request a self-guided video demo below:

→ Have questions? Reach out anytime or shoot us a message at contact@paramify.com

Becki Johnson
Oct 2024
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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.