How Comp AI went from a $2.6M pre-seed to a $34M Series A with Papermark

Comp AI is an AI-native security and compliance company. Its agents draft security policies, collect audit evidence, monitor compliance controls continuously and run AI-powered penetration tests, so companies can get and stay compliant with SOC 2, HIPAA and ISO 27001 without the paperwork.

Update: a $34M Series A, one year later

In September 2026, Comp AI raised a $34M Series A co-led by Roo Capital and Grand Ventures, a year after its pre-seed round.

• $34M Series A, co-led by Roo Capital and Grand Ventures
• More than 1,000 customers, up 10x year on year
• 15x annual recurring revenue growth year on year
• New funding goes into continuous cybersecurity: real-time monitoring, control validation and security testing across applications and infrastructure, plus hiring at the Miami headquarters and the New York office

"For a lot of software companies, security and compliance are directly tied to revenue." - Lewis Carhart, CEO, Comp AI

Grand Ventures co-led both rounds. Founded in 2025 by Lewis Carhart (CEO), Claudio Fuentes (COO) and Mariano Fuentes (CTO), Comp AI has used Papermark since its first raise.

Where it started: the $2.6M pre-seed

In September 2025, Comp AI announced a $2.6 million pre-seed funding round co-led by OSS Capital and Grand Ventures. This funding will accelerate their mission to automate compliance and expand their user base.

• Raised $2.6M Pre-Seed to accelerate growth and product development
• Served 4,000 users across various industries at the time
• Focuses on automating compliance processes for SOC 2, HIPAA, and ISO 27001

The Comp AI team relied on Papermark throughout the fundraise to securely share investor materials, track engagement in real time, and automate follow-ups.

The Challenge

1. Complex Compliance Requirements – Automating compliance for multiple standards like SOC 2, HIPAA, and ISO 27001.
2. Sensitive Data Handling – Ensuring secure handling of compliance data without exposing confidential information.
3. Visibility Gaps – Lacked insight into which investors actually reviewed the deck and data room.
4. Timing the Perfect Follow-up – Needed to reach out while interest was high but information was fresh.

The Solution

Secure Investor Data Rooms

Comp AI created a branded Papermark data room with granular permissions, watermarking, and download controls—ensuring sensitive compliance data stayed protected.

Real-time Analytics Dashboard

With page-level analytics, the team saw exactly which metrics investors lingered on, helping them tailor narrative and objections for each meeting.

The Results

• $2.6M round closed 20% faster than expected
• Zero data-leaks recorded—enterprise-grade security satisfied strict compliance requirements
• Investor confidence boosted by transparent engagement reporting

Comp AI kept using Papermark as it scaled, all the way to its $34M Series A in September 2026.

Use Case

Fundraising - Comp AI used Papermark data rooms and analytics to run its $2.6M pre-seed, and grew into a $34M Series A a year later.

Document Types Shared

• Pitch deck
• Financial projections
• Product roadmaps

Conclusion

Comp AI's path from pre-seed to Series A in a year demonstrates the power of leveraging technology to streamline compliance and investor relations. By using Papermark, Comp AI was able to efficiently manage their fundraising process, ensuring secure and effective communication with investors.