BENGALURU, India – Scrut Automation, an innovator in the Governance, Risk, and Compliance (GRC) sector, today announced the closure of its $10 million funding round. Existing investors Lightspeed, MassMutual Ventures, and Endiya Partners supported the round. Scrut Automation intends to leverage the capital infusion to enhance its platform, integrate generative AI capabilities, and accelerate its expansion into North American and European markets.
Founded by Kush Kaushik, Aayush Ghosh Choudhury, and Jayesh Gadewar, Scrut Automation provides a SaaS-based GRC platform designed to streamline security and compliance workflows. The company aims to reduce reliance on fragmented legacy systems and spreadsheets, offering comprehensive risk visibility and simplified audit preparation.
Aiding the GRC Transformation
Scrut Automation enters a market undergoing significant transformation. Here are a few other companies driving GRC innovation:
- LogicGate: Offers a risk quantification platform tailored for streamlined GRC processes
- Vanta: Emphasizes security and compliance automation for growth-stage startups
- Hyperproof: Provides compliance operations software focusing on evidence collection and collaboration
Deal Table: Scrut Automation Highlights
| Deal Highlights | |
|---|---|
| Company | Scrut Automation |
| Headquarters | Bengaluru, India |
| Funding Round | Unstated (Likely Series A or later) |
| Amount Raised | $10 million |
| Investors | Lightspeed, MassMutual Ventures, Endiya Partners |
| Scrut Automation on Linkedin |
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About Scrut Automation
Scrut Automation is a provider of GRC software solutions designed for efficiency and visibility. Founded by Kush Kaushik, Aayush Ghosh Choudhury, and Jayesh Gadewar, the company is backed by notable advisors within the SaaS and cybersecurity industries.