Scrut Automation Secures $10 Million to Fuel Growth in GRC Platform

Scrut Automation, a leading governance, risk, and compliance (GRC) platform provider, has secured $10 million in fresh funding from its existing investors. This investment empowers Scrut to enhance its platform capabilities and expand its reach globally.

Growth Capital for Innovation and Expansion

• Platform Enhancement: Scrut will utilize the funds to refine its existing platform, ensuring a more robust and efficient GRC experience for its clients.

• Generative AI Integration: The company plans to incorporate cutting-edge generative artificial intelligence (AI) applications. This will significantly reduce the manual workload associated with risk and compliance tasks, freeing up valuable time for human teams.

• Global Expansion: Scrut has set its sights on international markets. The funding will fuel their expansion into North America and Europe, catering to the needs of mid-market technology businesses in these regions.

Addressing Mid-Market Needs in Regulated Industries

Established in 2021, Scrut caters specifically to mid-market technology companies operating within highly regulated sectors like healthcare and financial services. These businesses often face unique risk and compliance challenges.

Scrut's Differentiators

• Consolidated Approach: Scrut's platform streamlines compliance and risk management processes, eliminating redundancies and simplifying workflows.

• Contextualized Risk Management: The platform takes a context-specific approach, recognizing that different industries have distinct risk profiles and regulatory frameworks.

• AI-Powered Automation: Scrut leverages automation to reduce the manual burden of control monitoring, allowing teams to focus on strategic initiatives.

Industry Expertise and Global Ambition

Scrut recognizes the importance of domain knowledge within the GRC space. The platform incorporates "practice areas" tailored to specific industries like healthcare and finance, ensuring compliance expertise goes hand-in-hand with automation.

With a presence already established in the US market, Scrut is poised for further international expansion. This recent funding round demonstrates investor confidence in Scrut's ability to become a global leader in the GRC software landscape.

A Growing Market Opportunity

The rising number of data breaches and stricter regulatory environments are prompting mid-sized enterprises to prioritize robust GRC practices. Scrut Automation positions itself as a valuable solution for these businesses, providing them with the tools and intelligence necessary to navigate the evolving compliance landscape.

Founders' Background

Prior to Scrut Automation, co-founders Aayush Ghosh Choudhury and Jayesh Gadewar co-founded Gomigo, a procurement software solution. Leveraging their entrepreneurial experience, they joined forces with Kush Kaushik to launch Scrut Automation, addressing a critical need in the GRC software market.