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Cybersecurity Funding

Scrut Automation Raises $7.5 Million for GRC Platform 

India-based Scrut Automation has raised money to improve its risk observability and compliance automation platform and expand its presence in the US.

India-based Scrut Automation has announced raising $7.5 million in a new funding round that will help the company improve its governance, risk and compliance (GRC) automation platform and expand its presence in the United States. 

The latest funding round, which brings the total raised by Scrut Automation to more than $10 million, was led by MassMutual Ventures, with participation from Lightspeed and Endiya Partners.

The company says its risk observability and compliance automation platform is designed to simplify information security monitoring for small and mid-sized cloud-native enterprises.

Scrut Automation’s GRC platform enables organizations to discover cyber assets, set up information security programs and controls, continuously monitor their controls for compliance, and manage compliance audits.

The platform provides real-time risk monitoring capabilities in order to help organizations ensure SOC 2, GDPR, HIPAA, PCI DSS, CCPA and ISO 27001 compliance.

Related: Asset Risk Management Firm Sepio Raises $22 Million in Series B Funding

Related: OutThink Raises $10 Million for Human Risk Management Platform

Related: Laika Raises $50 Million for Its Compliance Platform

Related: DefenseStorm Raises $15 Million for Banking Security and Compliance Platform

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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