- Scrut Automation, a risk compliance automation platform intends to use the funding to expand its presence in market and develop its product.
- Scrut Automation works with customers in India, Singapore, and the United States.
Scrut Automation, a governance, compliance, and risk platform startup, recently announced that it had closed USD 7.5 million in new funding to deepen its risk observability and management, expand its presence in the U.S. market, and simplify risk management and infosecurity compliance.
According to data from a leading media house, Scrut Automation has raised USD 10.5 million till now.
Scrut Automation, founded in 2021 as Riversys Technologies Pvt Ltd., provides an information security monitoring platform that assists small and medium-sized cloud-native enterprises in maintaining and developing a robust security posture. The platform compiles with security standards like International Organization for Standardization 27001, the European Union’s General Data Protection Regulation, and Service Organization Control 2.
Scrut Automation claims that as the intensity and frequency of breaches have increased drastically, cloud-native enterprises must comply with multiple frameworks across geographies and continuously monitor their security posture. This is where Scrut’s platform comes into the picture.
The platform automates risk assessment and monitoring, creating users what the company says is a unique risk-first infosec program that demonstrates trust from a single window and manages compliance audits. It enables discovering and continuously monitoring cyber assets, with real-time risk monitoring confirming continual compliance.
Scrut Automation’s platform allows cooperation between auditors, team members, and penetration testers with artifact sharing and automated workflows. Customers can build, assign, and monitor tasks to cope with daily compliance with automated reminders and alerts.
The company is currently working with customers in the U.S., India, and Singapore, allowing them a unified view of an organization’s compliance posture. Notable customers consist of Freight Tiger Logistics Pvt. Ltd, Leadsquared Inc, and Plotline Media Pte. Ltd.
Aayush Ghosh Choudhury, co-founder and Chief Executive of Scrut Automation, said, “We at Scrut have been hyper-focused on helping CISOs and InfoSec Heads across cloud-native companies build and maintain a risk-first security posture. That enables them, in turn, to become more agile in managing their risk and security posture and simplify compliance across 20 InfoSec standards with ease.”
The round was led by MassMutual Ventures LLC, with existing investors including Endiya Partners LLP and Lightspeed Management Co. LLC. MassMutual will be helping Scrut Automation in its U.S. expansion as an element of the deal.