HIT Consultant April 2, 2024
What You Should Know:
– Scrut Automation, a provider of cloud-based Governance, Risk, and Compliance (GRC) platforms, has secured $10M in funding from existing investors Lightspeed, MassMutual Ventures, and Endiya Partners. This latest round brings the company’s total venture funding to $20.5M since its inception in 2021.
Empowering Mid-Market Businesses in a Complex Landscape
Scrut Automation was specifically designed to address the unique challenges faced by tech-first mid-market businesses in highly regulated industries such as healthcare, fintech, etc. These companies struggle with:
- Strict compliance demands from regulators and industry bodies
- Pressure to manage risk
- Limited budgets and understaffed teams
The situation is further complicated by factors such as:
- A rapidly evolving threat landscape fueled by advancements like...
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