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HomeFunding India-Based Scrut Automation Secured US $10 million in Funding

[Funding Alert] India-Based Scrut Automation Secured US $10 million in Funding

Scrut is an international help provider that does not only work with businesses from particular nations. Simplified governance, risk management, and compliance for modern companies.

Scrut is an international help provider that does not only work with businesses from particular nations. Simplified governance, risk management, and compliance for modern companies.

More businesses are integrating GenAI into their operations, yet the quality of the data generated by the technology varies. Furthermore, the cybersecurity industry’s widespread layoffs have created more opportunities for potential criminals to exploit.

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Scrut Automation, a business operating in the US and India, reported noticing this pattern recently. It also hopes to assist tech-first mid-market companies in solving this issue with its services, which center on risk management and client control and monitoring.

Scrut Automation just raised US$10 million from its current sponsors, Lightspeed, MassMutual Ventures, and Endiya Partners, in order to expand its clientele.

The money will go toward strengthening it’s platform and funding its entry into North America and Europe. AI solutions will also be used to reduce the amount of manual labor that risk and compliance personnel must perform.

Read also – Muthoot Microfin Raises $75m through external Loan

It was founded in 2021 and has raised a total of US$20.5 million. For GRC teams, our automation-powered platform enables unified control and instant insights into risk and compliance.

“A core unique selling proposition for Scrut is offering an extremely high degree of flexibility in creating GRC programs that fit closely with the customer’s environment,” said Aayush Ghosh Choudhury, co-founder and CEO of Scrut Automation, in a statement.

There is no one-size-fits-all solution provided by the platform. Rather, it enables businesses to customize their GRC.

Scrut Automation

Scrut is an international help provider that does not only work with businesses from particular nations. They have given businesses all over the world the resources they need to develop a stronger information security system and help them adhere to the standards that best suit their needs.

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