Paramify - About the company
Paramify is a series A company based in Provo (United States), founded in 2022 by Tyler Stephens and Kenny Scott. It operates as a Developer of compliance automation software for security planning and documentation. Paramify has raised $3.5M in funding from Album VC. The company has 360 active competitors, including 28 funded and 12 that have exited. Its top competitors include companies like NaceAI, Elm AI and Caseware.
Company Details
Developer of compliance automation software for security planning and documentation. The software facilitates the automation of security policies, procedures, and compliance documents. It offers capabilities for POA&M management and continuous monitoring processes. The platform provides tools for building and maintaining a security program. It connects with existing tools, enabling faster evidence collection and a single source of truth.
- Website
- www.paramify.com/
- Social
Key Metrics
Founded Year
2022
Location
Provo, United States
Stage
Series A
Total Funding
$3.5M in 2 rounds
Latest Funding Round
Ranked
5th among 360 active competitors
Employee Count
91 as on Aug 31, 2026
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Paramify's funding and investors
Paramify has raised a total funding of $3.5M over 2 rounds. Its first funding round was on Aug 20, 2024. Its latest funding round was a Series A round on Nov 17, 2025 for $*****. 1 investor participated in its latest round. Paramify has 4 institutional investors.
Here is the list of recent funding rounds of Paramify:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 17, 2025 | 1821759 | Series A | 1244106 | 5546924 | 7949594 | 3145742 |
Aug 20, 2024 | 2064427 | Series A | 1935908 | 7028024 |
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Paramify's founders and board of directors
Founder? Claim ProfileHere are the details of Paramify's key team members:
- Tyler Stephens: Co-Founder, Chief Technology Officer of Paramify.
- Kenny Scott: Co-Founder & CEO of Paramify. Contact Info: 1 email address
View details of Paramify's Founder profiles and Board Members
Paramify's employee count trend
Paramify has 91 employees as of Aug 26. Here is Paramify's employee count trend over the years:
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Paramify's Competitors and alternates
Top competitors of Paramify include NaceAI, Elm AI and Caseware. Here is the list of Top 10 competitors of Paramify, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | NaceAI 2024, Palo Alto (United States), Seed | Provider of real-time AI for audit and compliance | $26.5M | 59/100 | |
2nd |  Elm AI 2023, New York City (United States), Seed | SaaS and AI based supplier sustainability due diligence platform for businesses | $2.28M | 56/100 | |
3rd | Developer of an AI-powered platform for audit and accounting workflows | - | 56/100 | ||
4th | Cloud-based quality and safety procedures software provider | $13.1M | 53/100 | ||
5th |  Paramify 2022, Provo (United States), Series A | Developer of compliance automation software for security planning and documentation | $3.5M | 52/100 | |
6th |  Petual 2024, San Francisco (United States), Series A | Developer of artificial intelligence software for automated audit testing processes | $20M | 51/100 | |
7th |  EASE 1986, Mission Viejo (United States), Late Stage | Provider of audit and inspection software for manufacturing quality and safety | - | 50/100 | |
8th | AuditFile 2011, San Francisco (United States), Series A | Cloud-based audit software streamlining audits, reviews, compilations, and tax services | $5.53M | 48/100 | |
9th | Risk and compliance management software for health, education and financial sectors. | $520K | 46/100 | ||
10th |  GoAudits 2016, Renton (United States), Unfunded | Cloud-based audit management software for businesses | - | - | 45/100 |
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Paramify's Investments and acquisitions
Paramify has made no investments or acquisitions yet.
Reports related to Paramify
Here is the latest report on Paramify's sector:
News related to Paramify
Media has covered Paramify for a total of 2 events in the last 1 year, 2 of them have been about partnerships.
•
Defense Unicorns and Paramify Partner for Automated Federal Security CompliancePR Newswire•Jul 29, 2026•Paramify, Defense Unicorns
•
Second Front Systems and Paramify Partner to Advance Compliance Modernization and Accelerate Mission DeliveryBusiness Wire•Jan 06, 2026•Paramify, Second Front Systems
•
Paramify Raises $3.5 million Seed Round to End “Death by Compliance”TechBuzz•Aug 22, 2024•Paramify, Album VC, Next Frontier Capital
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