Scrut Automation, an IT startup, has raised $7.5 million in a funding round

DesciScrut Automation, an IT startup that specializes in Governance, Risk, and Compliance (GRC) automation, has raised USD 7.5 million in a funding round led by MassMutual Ventures, according to a top company official on Tuesday.

Scrut Automation, an IT startup that specializes in Governance, Risk, and Compliance (GRC) automation, has raised USD 7.5 million in a funding round led by MassMutual Ventures, according to a top company official on Tuesday.

Scrut Automation CEO and Co-Founder Aayush Ghosh Choudhury told PTI that the new round of funding was at a fourfold higher valuation than the company’s previous funding round a year ago, when it raised USD 3 million.

Existing investors Lightspeed and Endiya Partners took part in the funding round to increase their stake in the company, according to Choudhury.

We currently have around 50 logos. We are now aiming to increase the number of logos to 1,500-2,000 by the end of 2023 “Choudhury explained.

Customers in India, Singapore, and the United States are currently served by the company, which provides a unified view of an organization’s compliance posture.

We currently have around 50 logos. We are now aiming to increase the number of logos to 1,500-2,000 by the end of 2023 “Choudhury explained.

Customers in India, Singapore, and the United States are currently served by the company, which provides a unified view of an organization’s compliance posture.

We believe Scrut’s startup’s robust compliance and security offerings will help rapidly growing companies around the world accelerate revenue growth.” Anvesh Ramineni, Managing Partner at MassMutual Ventures, stated.