Scrut Automation bags $3 million funding from Lightspeed and Endiya Partners

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Scrut Automation, a full-stack information security compliance platform, has raised $3 million in seed funding from Lightspeed and Endiya Partners.

The platform plans to use funds raised to expand operations in the United States, European Union and Asia, and also improve its automation capabilities.

Founded in 2021 by Kush Kaushik, Aayush Ghosh Chowdhury and Jayesh Gadewar, Scrut Automation automates a bulk of labor-intensive compliance tasks by integrating with cloud and software-as-a-service (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.

A recent Gartner study showed that information security compliance is taking a center stage in most software ecosystems, and global end-user spending on information security and risk is expected to reach more than $220 billion in the next five years.

Dev Khare, a Partner at Lightspeed, said, “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 3,000 assessments across every imaginable compliance use case. We are confident that their full-stack compliance and security offering will help fast-growing companies globally accelerate revenue growth.”

Scrut claims to reduce the effort of Chief Technology Officers (CTOs) and compliance teams in managing Infosec compliance by around 70% and offering a single window to access all external Infosec resources.

"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.

Scrut said it aims to build the largest SaaS-enabled marketplace for Infosec resources, like auditors, penetration testers, and subject matter experts.

“We have seen an unprecedented rise in consciousness around Information Security compliance in the last few years across the globe. Our client base is growing and this funding from Lightspeed and Endiya Partners comes at an opportune time as we look at expanding our operations into other geographies," said Kaushik.