GRC-focused SaaS startup Scrut Automation raised $7.5 million in funds led by MassMutual Investors

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Governance, risk and compliance (GRC)-focused SaaS startup Scrut Automation raised $7.5 million in funds led by MassMutual Investors, which is the corporate venture capital arm of Mass Mutual Corporation where Endiya Partners and Lightspeed India Ventures also participated.

Scrut serves as a core GRC platform, assisting small and mid-sized businesses in managing multiple frameworks, policy life cycle management, and evidence collection. The SaaS startup intends to use the new funding to develop new cyber security information security use cases and expand its presence in the United States. The startup claims to have grown 45X since its previous funding round, in which it recorded $35K in annualised revenue ARR. It also intends to quadruple its revenue by the end of calendar year 2023.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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GRC-focused SaaS startup Scrut Automation raised $7.5 million in funds led by MassMutual Investors

Governance, risk and compliance (GRC)-focused SaaS startup Scrut Automation raised $7.5 million in funds led by MassMutual Investors, which is the corporate venture capital arm of Mass Mutual Corporation where Endiya Partners and Lightspeed India Ventures also participated.

Scrut serves as a core GRC platform, assisting small and mid-sized businesses in managing multiple frameworks, policy life cycle management, and evidence collection. The SaaS startup intends to use the new funding to develop new cyber security information security use cases and expand its presence in the United States. The startup claims to have grown 45X since its previous funding round, in which it recorded $35K in annualised revenue ARR. It also intends to quadruple its revenue by the end of calendar year 2023.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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