The latest investment will support Scrut Automation to amplify product capabilities and uplift customer basis to around thirty or forty-fold by the end of 2023.
Heaptalk, Jakarta — A Governance, Risk, and Compliance (GRC) automation platform, Scrut Automation, announced has secured new funding worth US$7.5 million, or approximately Rp113.9 billion (02/20). MassMutual Ventures is known to lead this funding round and is backed by its existing investors, including Lightspeed and Endiya Partners.
This SaaS startup will utilize this funding to expand its business reach into several countries, spanning the United States, Singapore, and Indonesia. Moreover, the IT startup aims to simplify risk management and information security compliance for cloud-based companies in the SaaS, fintech, and health tech industries.
Responding to the new investment, the CEO and Co-Founder of Scrut Automation, Aayush Ghosh Choudhury, revealed this support would back the team to deepen the product capabilities to fulfill customers’ needs and broaden the market presence. Through this intention, the company aims to increase its client basis to about thirty-fold or forty-fold by the end of 2023
Founded by Aayush Ghosh Choudhury, Kush Kaushik, and Jayesh Gadewar, Scrut Automation founders designed this platform to simplify information security and make the platform accessible for organizations entirely. Starting its presence as the business governance platform, Scrut Automation startup has inflated the products, including GRC, a one-stop solution for risk monitoring, information security, and compliance.
Scrut’s product offered is claimed to alleviate enterprises’ burden in maintaining security and compliance by up to 70%, targeting a cloud-based with small-scale to immense-scale companies worldwide. This IT startup has also assisted its customers in building a robust information security system according to their risk profile, enabling it to fulfill more than twenty primary standards, comprising of ISO 270001, SOC 2, GDPR, NIST, CCPA, HIPAA, and PCI DSS.
As one of the strategic investors of Scrut’s investment round, the Managing Partner of MassMutual Ventures, Anvesh Ramineni, has strong optimism this startup’s robust compliance and security offerings will facilitate rapidly growing companies worldwide in expediting revenue growth.
