When was Paramify founded?

Paramify was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Where is Paramify located?

Paramify is headquartered in Provo, United States.

Who is the current CEO of Paramify?

Kenny Scott of Paramify. They have also founded 1 company.

How many employees does Paramify have?

As of May 31, 2026, the latest employee count at Paramify is 82.

Is Paramify a funded company?

Paramify is a funded company, having raised a total of $3.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Aug 20, 2024.

When was the latest funding round of Paramify?

Paramify's latest funding was a $***** Series A round on Nov 17, 2025, with participation from 1 investor.

Where does Paramify rank among its competitors?

Paramify ranks 4th amongst 245 active competitors, of which 24 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was NaceAI, which secured $21.5M in May, 2026.

Who are the top competitors of Paramify?

Paramify's top competitors include NaceAI, Elm AI and Caseware. Among them, NaceAI secured the most recent funding round in May, 2026.

Paramify - 2026 Company Profile, Team, Funding & Competitors

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 245 active competitors, including 24 funded and 10 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/
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Key Metrics

Founded Year

2022

Location

Provo, United States

Stage

Series A

Total Funding

$3.5M in 2 rounds

Latest Funding Round

Series A, Nov 17, 2025, $*****

Investors

Album VC & 3 more

Ranked

4^th among 245 active competitors

Employee Count

82 as on May 31, 2026

Similar Companies

NaceAI & 285 more

View Paramify's full profile

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	7902781	Series A	6252938	6981047	2874530	2062498
Aug 20, 2024	3763747	Series A	1920081	2385785	Album VC	Next Frontier Capital

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View details of Paramify's funding rounds and investors

The founders of Paramify are Tyler Stephens and Kenny Scott. Kenny Scott is the CEO of Paramify.

Here are the details of Paramify's key team members:

Tyler Stephens: Co-Founder, Head of Innovation and Design 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 82 employees as of May 26. Here is Paramify's employee count trend over the years:

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Top competitors of Paramify include NaceAI, Elm AI and Caseware. Here is the list of Top 10 competitors of Paramify, ranked by Tracxn score:

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	Walden Catalyst, General Catalyst	58/100
2nd	Elm AI 2023, New York City (United States), Seed	SaaS and AI based supplier sustainability due diligence platform for businesses	$2.27M	Working Capital, Cornell University & 8 others	55/100
3rd	Caseware 1988, Toronto (Canada), Late Stage	Developer of an AI-powered platform for audit and accounting workflows	-	Hg, LHoFT	55/100
4th	Paramify 2022, Provo (United States), Series A	Developer of compliance automation software for security planning and documentation	$3.5M	Frazier VC, Album VC & 2 others	51/100
5th	Lumiform 2018, Berlin (Germany), Series A	Cloud-based quality and safety procedures software provider	$13.1M	42 Capital, MK Venture Capital & 16 others	51/100
6th	EASE 1986, Mission Viejo (United States), Late Stage	Provider of audit and inspection software for manufacturing quality and safety	-	Luminate Capital Partners, Spotlight Equity	51/100
7th	Site Audit Pro 2007, Ilford (United Kingdom), Unfunded	Cloud based audit management software provider	-	-	49/100
8th	Visualogyx 2016, Aventura (United States), Unfunded	Cloud-based document verification management solution for businesses	-	-	48/100
9th	ViClarity 2008, Tralee (Ireland), Seed	Risk and compliance management software for health, education and financial sectors.	$520K	Enterprise Ireland, CorkBIC	46/100
10th	GoAudits 2016, Renton (United States), Unfunded	Cloud-based audit management software for businesses	-	-	45/100