Curated News
By: NewsRamp Editorial Staff
April 02, 2024
Scrut Automation Raises $10M in Growth Capital to Expand Globally
TLDR
- Scrut Automation raised $10 million in growth capital to enhance platform capabilities and expand to North American and European markets.
- Scrut Automation is a SaaS-based GRC platform that consolidates processes, reduces compliance workloads, and simplifies audits.
- Scrut Automation helps mid-market companies build strong risk and compliance management practices with reduced dependency on human capacity and expertise.
- Scrut Automation has been recognized by G2 as one of the fastest-growing products and best security software in 2024.
Impact - Why it Matters
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.
Summary
Scrut Automation, a GRC platform, has raised $10 million in growth capital from existing investors Lightspeed, MassMutual Ventures, and Endiya Partners. The funding will be used to enhance platform capabilities, incorporate generative AI use cases, and expand to North American and European markets. Scrut Automation was created to address the unique risk and compliance challenges faced by mid-market businesses in highly regulated industries.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, Scrut Automation Raises $10M in Growth Capital to Expand Globally
