Scrut Automation, an India-based risk compliance automation platform, has raised $7.5 million in a round led by MassMutual Ventures with participation from existing investors, including Lightspeed and Endiya Partners increasing their stake.
Launched in 2021 by Aayush Ghosh Choudhury, Kush Kaushik, and Jayesh Gadewar, the company focuses on helping small and medium cloud-native enterprises develop and maintain a robust security posture. Its GRC platform provides real-time risk monitoring capabilities in order to help organizations ensure SOC 2, GDPR, HIPAA, PCI DSS, CCPA and ISO 27001 compliance.
Scrut Automation claims that companies have been able to reduce 70% of manual tasks in security and compliance. The company currently works with customers in India, Singapore, and the United States.
According to data from Crunchbase, Scrut Automation had raised $3 million in a seed funding round from undisclosed investors in February 2022, bringing its total funding raised to $10.5 million.
The latest funding will be used to further improve its product and expand its presence across existing markets.