VC Fund Investments
Risk compliance platform Scrut raises $7.5 M from MassMutual Ventures, others
Scrut Automation, a Bengaluru-based risk compliance automation platform, has raised USD 7.5 million from MassMutual Ventures. Existing investors, including Lightspeed Ventures and Endiya Partners, also participated in the round. Scrut will use the fresh capital to further develop its product and expand its presence across existing territories, among mid-market enterprises. Scrut Automation works with firms in India, Singapore, and the United States. Started in 2021 by Aayush Ghosh Choudhury, Kush Kaushik, and Jayesh Gadewar, the company focuses on helping small and medium cloud-native enterprises develop and maintain a security posture, and comply with standards such as SOC 2, ISO 27001, and GDPR. The firm claims that companies have been able to reduce 70% of manual tasks in security and compliances.
From the Venture Intelligence PE-VC Deal Database: In February 2022, Scrut Automation raised USD 3 million in seed funding from Lightspeed Ventures and Endiya Partners. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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