Scrut Automation raises $3 million from Lightspeed, Endiya Partners : Rashtra News
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The platform plans to use the fresh capital to expand operations in the US, European Union (EU), and Asia, enhance automation capabilities, and create the largest marketplace for information security (Infosec) resources, the company said in a statement.
Founded in 2021 by Aayush Ghosh Choudhury and Kush Kaushik, Scrut automates a bulk of labour-intensive compliance tasks by integrating with the most-often used Cloud and SaaS tools and automatically collecting hundreds of evidence artifacts, which would otherwise take weeks to collect.
“Our approach is to combine technology with human expertise to cover even the edge cases, and thus offload most of the compliance-related work from the CTO’s table, so that they can focus on building the business and not worry about compliance,” said Choudhury, cofounder and chief executive, Scrut.
According to a recent report by Gartner, information security compliance is taking center stage in most software ecosystems, global end-user spend on information security and risk is expected to reach $220+ billion in the next five years.
“We are excited to back the Scrut team given their deep combined experience of over ten years in information security and compliance management with over 3000 assessments across every imaginable compliance use case,” Dev Khare, Partner at Lightspeed, said.
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The platform aims to build the largest SaaS-enabled marketplace for Infosec resources, like auditors, penetration testers and subject matter experts
“Information Security Compliance is a must-have for enterprises as well as mid-size IT/ITeS/SaaS companies globally. A One-Stop-Shop SaaS Platform like Scrut that automates compliance-related collaboration, controls, and monitoring, is finding resonance with CTOs and compliance teams worldwide,” said Sateesh Andra of Endiya Partners.
( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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