Blockchain Registration Transaction Record

Scrut Automation Raises $10M in Growth Capital to Expand Globally

Scrut Automation raises $10 million from Lightspeed, MassMutual Ventures, and Endiya Partners to enhance platform capabilities and expand globally, addressing unique risk and compliance challenges in highly regulated industries.

The news is important because it highlights the increasing need for scalable GRC programs in mid-market companies facing stringent compliance requirements. Scrut Automation's funding and expansion will impact these companies by providing a flexible and automated solution to manage risk and compliance, reducing the burden on security and GRC teams. The company's focus on AI-first GRC concierge and deep automation capabilities will help organizations build strong risk and compliance management practices with reduced dependency on human capacity and expertise.