Scrut Automation has secured growth capital of USD 10 million from its current investors, MassMutual Ventures, Endiya Partners, and Lightspeed.
The startup plans to grow into North American and European markets, improve platform features, and implement generative uses of AI to lessen the manual labour required by compliance and risk groups.
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“Mid-market organizations have limited options,” said Aayush Ghosh Choudhury, Co-founder and CEO of Scrut Automation. “They can buy off-the-shelf compliance automation tools that offer a one-size-fits-all approach to compliance, disconnected from the organizational risks; or invest in expensive enterprise-grade tools with year-long implementation and underutilized features.”
Since its founding in 2021, the firm has secured a total of USD 20.5 million in venture capital as of this round.
About Scrut Automation
For expanding startups and mid-market businesses, Scrut Automation is an automation platform for governance, risk, and compliance. Compliance teams may simplify their information security procedures and gain total visibility into their risk and security postures using Scrut.
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