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Scrut Automation Secures $10 Million to Revolutionize GRC for Mid-Market Tech Businesses

Scrut Automation, a leader in cloud-based Governance, Risk, and Compliance (GRC) solutions, has secured $10 million in fresh funding from existing investors Lightspeed, MassMutual Ventures, and Endiya Partners. This latest round brings Scrut's total funding to $20.5 million since its inception in 2021.

Scrut empowers mid-market tech companies, especially those in heavily regulated industries like healthcare and finance, to navigate the complexities of risk and compliance. These businesses often face stringent compliance demands, limited staff resources, and tight budgets. Scrut's innovative platform breaks away from the "one-size-fits-all" approach by offering a scalable GRC program tailored to each organization's specific needs, risks, and goals.

Scrut is committed to continuous innovation. Their platform leverages intelligent, context-aware automation powered by generative AI. This significantly reduces the manual effort required for compliance and risk management tasks. Furthermore, Scrut's platform boasts extensive automation capabilities, covering over 70% of controls. This translates to near real-time insights into risk and compliance postures, enabling businesses to take swift corrective actions.

Since its founding, Scrut has witnessed impressive growth. The company has expanded its team to 120 employees and established a presence in India, Southeast Asia, and the United States. Notably, 40% of their revenue comes from the U.S. market, which they entered only a year ago.

The current funding will fuel Scrut's research and development efforts, particularly focusing on AI-driven projects nearing completion. Additionally, these funds will accelerate their expansion into the U.S. market.

Aayush Ghosh Choudhury and Jayesh Gadewar, along with compliance expert Kush Kaushik, recognized the limitations of traditional GRC solutions during their previous work in procurement. They envisioned a more accessible and effective solution for mid-market companies. Scrut's AI-powered platform aims to simplify compliance, minimize manual processes, and empower businesses with scalable risk management practices.

"Scrut's core strength lies in its exceptional flexibility," says Choudhury. "We create GRC programs that seamlessly adapt to individual customer environments. For instance, healthcare and financial services companies have vastly different regulations and risks. Scrut considers these nuances, allowing the platform to embed industry expertise alongside automation."

With its commitment to innovation and focus on the mid-market, Scrut Automation is poised to disrupt the GRC landscape, empowering businesses to navigate risk and compliance with greater efficiency and confidence.


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