Scrut Automation raises $10M to enhance GRC solutions amid growing GenAI Challenges

Scrut Automation raises $10M to enhance GRC solutions amid growing GenAI Challenges

Scrut Automation raised US$10 million from Lightspeed, MassMutual Ventures, and Endiya Partners to enhance its platform, expand into Europe and North America, and implement AI solutions for risk and compliance tasks.

• Company Background: Founded in 2021 by Ayush Choudhary, Jayesh Gadewar, and Kush Kaushik, Scrut Automation offers unified control and automation for quick risk and compliance views, tailored to each client's environment.

• Total Funding: With this funding, Scrut Automation has raised a total of US$20.5 million.

• Unique Selling Proposition: Scrut Automation provides high flexibility in creating GRC programs, allowing organizations to address specific pain points and meet industry standards.

While more companies are using generative AI, its output can be unreliable, and recent layoffs in the cybersecurity sector create potential vulnerabilities. Scrut Automation addresses these challenges by focusing on risk management, customer control, and monitoring for mid-market tech-first businesses.