Tech Company Financing Transactions
Scrut Automation Funding Round
Endiya Partners, Lightspeed Venture Partners and MassMutual Ventures participated in a $10 million funding round for Scrut Automation. The round was announced on 4/2/2024.
Transaction Overview
Company Name
Announced On
4/2/2024
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Proceeds Purpose
The company will use the funding to enhance its platform capabilities, incorporate generative artificial intelligence use cases to reduce the manual effort for risk and compliance teams, and expand to North American and European markets.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
302, Plot Number 15, 3rd Floor Kumar Tower Wazirpur Industri
Delhi, 110052
IN
Delhi, 110052
IN
Phone
Undisclosed
Website
Email Address
Overview
Scrut Automation is a product of three visionaries with one goal in mind -- to demystify information security and make it accessible across organisations. In short, Scrut is a by-product of the problems faced by our founders -- Aayush and Jayesh, while building an AI-powered supplier collaboration platform for enterprises -- that required SOC 2 and ISO 27001 compliance to meet the enterprise requirements for deal closures. They collaborated with Kush to get these compliances in place, but the hassle was real -- small team, complex requirements, and difficulty in monitoring. That's when they realised the importance of compliance automation and together built Scrut Automation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Aayush Choudhury
Chief Information Officer
Todd Dekkinga
Co-Founder
Jayesh Gadewar
Co-Founder
Kush Kaushik
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here come from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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