Scrut Automation, a GRC platform catering to mid-market enterprises, has raised $10 million in growth capital from its current investors, including Lightspeed and MassMutual Ventures. The funding will drive enhancements to the platform’s capabilities, incorporating generative AI to streamline risk and compliance processes. Scrut Automation aims to address the unique challenges faced by tech-focused mid-market companies operating in heavily regulated sectors.
The platform enables organizations to build, manage, and maintain enterprise-grade risk and compliance programs, offering a tailored alternative to generic automation tools or costly enterprise solutions. By automating control monitoring and providing near-real-time visibility into risk and compliance status, Scrut Automation empowers companies to navigate regulatory requirements efficiently.
Co-founder and CEO Aayush Ghosh Choudhury highlighted the platform’s flexibility in tailoring GRC programs to individual organizational needs, along with its deep automation capabilities and proprietary control framework. Scrut Automation’s mission is to assist mid-market enterprises in establishing robust risk and compliance management practices, leveraging AI to mitigate reliance on human expertise.
Dev Khare of Lightspeed emphasized the importance of a strong security posture for enterprises, particularly in light of increasing cyber threats and regulatory demands. The funding will support Scrut Automation’s efforts to bolster cybersecurity measures and expand its market presence.
