Singapore,
21
February
2023
–
Furthering
its
rapid
growth,
Scrut
Automation,
a
leading
Governance,
Risk
and
Compliance
(GRC)
Automation
platform
in
APAC,
has
raised
a
new
round
of
funding
of
$7.5M,
led
by
MassMutual
Ventures,
with
existing
investors,
Lightspeed
and
Endiya
Partners,
increasing
their
stake.
MassMutual
Ventures
has
been
an
active
investor
in
the
risk
and
security
domains,
with
investments
in
leading
companies
across
cyber-risk
prediction
and
management,
threat
assessment,
data
security
and
IoT
security),
and
comes
in
as
a
strong
partner
for
Scrut
Automation.
Founded
in
2021
by
Aayush
Ghosh
Choudhury,
Kush
Kaushik,
and
Jayesh
Gadewar,
Scrut
Automation
provides
an
information
security
monitoring
platform,
aimed
at
helping
small
and
medium
cloud-native
enterprises
develop
and
maintain
a
robust
security
posture,
and
comply
with
various
infosec
standards
such
as
SOC
2,
ISO
27001,
GDPR,
and
the
like
with
ease.
With
the
help
of
the
Scrut
platform,
customers
have
been
able
to
reduce
their
manual
effort
for
security
and
compliance
tasks
by
70%.
In
the
last
few
years,
frequency
and
intensity
of
breaches
have
increased
drastically,
which
have
made
it
imperative
for
cloud-native
enterprises
to
continuously
monitor
their
Security
posture,
and
comply
with
multiple
frameworks
across
geographies.
The
platform
plans
to
use
the
fresh
capital
tosimplify
risk
management
and
infosec
compliance
for
cloud-native
SaaS,
Fintech,
and
Healthtech
companies
—
automating
~70%
of
manual
tasks
and
reducing
tool
fatigue
from
managing
disparate
point
tools
for
security.
Scrut
will
deepen
its
risk
observability
and
management
capabilities,
as
well
as
expand
its
presence
in
the
US
market
with
the
assistance
of
MassMutual
Ventures’
expertise.
The
company
currently
works
with
customers
in
India,
Singapore,
and
the
US,
providing
them
with
a
unified
view
of
an
organization’s
compliance
posture.
Commenting
on
the
latest
fundraise,
Aayush
Ghosh
Choudhury,
CEO
and
Co-Founder
of
Scrut
Automation,
says,
“We
at
Scrut
have
been
hyper-focused
on
helping
CISOs
and
InfoSec
Heads
across
cloud-native
companies
build
and
maintain
a
risk-first
security
posture,
enabling
them,
in
turn,
to
become
more
agile
in
managing
their
risk
and
security
posture
and
simplify
compliance
across
20+
InfoSec
standards
with
ease.
The
fresh
capital
infusion
will
help
us
deepen
our
product
capabilities
and
expand
our
market
presence
for
mid-market
CISOs.
We
are
happy
to
have
marquee
investors
backing
us
in
our
journey.”
Anvesh
Ramineni,
Managing
Partner
at
MassMutual
Ventures,
added,
“We
are
delighted
to
support
the
Scrut
team,
as
we
believe
their
robust
compliance
and
security
offerings
will
assist
rapidly
growing
companies
around
the
world
in
accelerating
revenue
growth.
Scrut’s
leadership
team’s
deep
domain
expertise
and
strong
understanding
of
customer
needs,
coupled
with
the
platform’s
risk-first
approach
and
scalability
have
been
the
primary
reasons
for
its
success.
The
product
roadmap
is
exciting,
with
significant
enhancements
to
risk
observability,
control
automation,
monitoring,
and
orchestration
capabilities
and
will
position
Scrut
as
a
leader
in
the
space.”
Dev
Khare,
Partner,
Lightspeed
said,
“The
rise
in
cybersecurity
threats
around
the
world
is
real
and
fast-growing.
We
are
excited
to
see
Scrut’s
GRC
one-stop
shop
solution
address
this
threat.
As
a
result,
there
is
widespread
acceptance
of
Scrut’s
GRC
solution
by
mid-market
enterprises
in
the
US
and
Asia.”
Sateesh
Andra,
MD,
Endiya
Partners,
added,
“Endiya
Partners
is
proud
to
be
a
part
of
Scrut
Automation’s
journey
from
the
beginning.
Organizations
need
to
keep
up
with
the
ever-changing
and
complex
information
security
landscape
to
remain
compliant
with
SOC
2,
GDPR,
CCPA,
and
other
regulations.
This
makes
investing
in
the
right
Governance,
Risk
and
Compliance
(GRC)
platforms
necessary
and
Scrut
Automation
provides
the
perfect
solution.
Scrut
combines
multiple
capabilities
across
cloud
governance,
policy
and
evidence
management,
asset
management
into
a
comprehensive
risk-first
approach
–
which
reduces
tool
fatigue
for
CISOs
at
mid-market
and
growth
stage
companies.”
As
Scrut
Automation
embarks
on
its
new
journey,
it
has
introduced
several
cybersecurity
luminaries
to
join
the
company’s
Board
of
Advisors.
A
brief
snapshot
of
Scrut
Automation’s
Advisory
Panel:
Naresh
Agarwal
is
currently
the
Head
of
India
R&D
at
Traceable,
and
will
lend
learnings
from
his
~18
years
of
platform
engineering
and
infrastructure
experience,
across
companies
like
inMobi,
Informatica,
and
App
Dynamics
to
Scrut
Automation.
Shashi
Kiran
serves
as
the
CMO
at
Fortranix
and
brings
with
him
25+
years
of
experience
across
Aryaka
Networks,
Cisco,
and
Quali.
He
also
advises
several
early-stage
cloud
and
security
startups
across
the
Silicon
Valley.
Shreesha
Ramdas
is
a
two-time
founder
himself,
who
has
successfully
exited
two
of
his
startups
(Strikedeck
and
Leadformix).
He
is
a
well-known
name
in
Silicon
Valley,
and
has
invested
across
over
50
companies
in
their
early
stages.
He
also
serves
as
part
of
the
Board
for
Securin
and
Korbyt.
Mel
Reyes
is
the
global
CIO
and
CISO
at
Getaround.
Before
that,
he
was
in
charge
of
security
at
Synchrony,
Cenveo,
MiMedia,
Go!
Productions,
and
other
companies.
He
is
deeply
entrenched
in
the
startup
landscape
and
is
an
advisor
for
10
startups
like
Verascore
and
Nomadreaming.
About
Scrut
Automation
Scrut
Automation
is
a
risk
observability
and
compliance
automation
platform
built
to
simplify
information
security
monitoring
for
cloud-native
companies.
They
help
early-stage
and
growth-stage
companies
across
the
globe,
establish
enterprise-grade
information
security
processes
through
an
easy-to-use
GRC
platform.
For
more
information,
visit
www.scrut.io.
About
MassMutual
Ventures
MassMutual
Ventures
(MMV)
is
a
multistage
global
venture
capital
firm
investing
in
financial
technology,
enterprise
SaaS,
digital
health,
climate
technology,
and
cybersecurity
companies.
With
teams
based
in
Boston,
Singapore,
and
London,
MMV
manages
over
$1
billion
in
investment
capital
across
the
globe.
We
help
accelerate
the
growth
of
the
companies
we
partner
with
by
providing
capital,
connections
and
advice.
With
our
deep
expertise
and
extensive
Fortune
500
network,
MMV
helps
entrepreneurs
build
compelling
and
scalable
companies
of
value.
For
more
information,
visit
www.massmutualventures.com.
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