Scrut Automation, a Bengaluru, India-based provider of a GRC platform, raised $10M in funding.
Backers included Lightspeed, MassMutual Ventures and Endiya Partners.
The company intends to use the funds to enhance its platform capabilities, incorporate generative AI use cases to reduce the manual effort for risk and compliance teams, and expand to North American and European markets.
Founded by Kush Kaushik, Aayush Ghosh Choudhury, and Jayesh Gadewar, Scrut Automation is a SaaS-based Governance, Risk, and Compliance (GRC) platform that enables risk and compliance teams to establish scalable security controls and processes, and automate workflows. By consolidating processes and eliminating the need for multiple legacy platforms and spreadsheets, it provides complete visibility into organizational risks, reduces compliance workloads, and simplifies audits.
The company has also added angels and advisors from SaaS and cybersecurity sectors, including Sandeep Johri (CEO, CheckMarx), Sachin Lawande (CEO, Visteon), Vetri Vellore (Ex-Corporate VP at Microsoft), Naresh Agarwal (Head of India R&D for Traceable), Davis Hake (Co-founder, Resilience), Shreesha Ramdas (ex-SVP at Medallia), and Todd Dekkinga (CISO, Zluri), to name a few.
FinSMEs
05/04/2024