HIT Consultant April 2, 2024
Jasmine Pennic

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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Topics: AI (Artificial Intelligence), Cloud, Investments, Technology, Trends
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