Amount Raised
$7.5 Million
Round Type
Funding Round
Description
IT startup Scrut Automation, which specialises in Governance, Risk and Compliance (GRC) automation, has raised USD 7.5 million in a funding round led by MassMutual Ventures, a top company official said on Tuesday. Scrut Automation CEO and Co-Founder Aayush Ghosh Choudhury told PTI that the fresh round of funding took place at 4 times higher valuation compared to the last funding round a year ago when the company raised USD 3 million. Existing investors Lightspeed and Endiya Partners participated in the funding round to raise their stake in the company, Choudhury said. "We still have 40 per cent of the amount in the bank that we raised in last round
Quick answer
Scrut Automation raised $7.5 Million in a Funding Round round, dated February 21, 2023.
- How much did Scrut Automation raise?
- Scrut Automation raised $7.5 Million in a Funding Round round on February 21, 2023.
- What does Scrut Automation do?
- Enhance your Information Security posture to close more enterprise deals
- Who are the decision-makers at Scrut Automation?
- Fundz holds 1 contact at Scrut Automation, including the Co-Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Software around the same time
Companies in the same sectors as Scrut Automation that raised within 45 days of this round, from Fundz verified event records.
- LayerZero Labs raised an undisclosed amount (Funding Round) on April 6, 2023.
- Wolters Kluwer raised $1 on April 6, 2023.
- BlueMark raised $10M on April 5, 2023.
- LayerZero Labs raised $120M (Funding Round) on April 4, 2023.
- Spendflo raised $11M (Funding Round) on April 4, 2023.
- Translucent raised $3.5M (Seed) on March 30, 2023.
Who to call at Scrut Automation, and when
A new round usually means Scrut Automation is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Scrut Automation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Scrut Automation, from your own LinkedIn network
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Fundz sees it the moment Scrut Automation raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Scrut Automation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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