Rubix Data Science raises Rs 6.2 crore from Cactus Venture, others

Rubix Data Sciences, a technology and analytics-based B2B Risk Management and Monitoring platform, raised Rs 6.2 crore in its second round of funding. The round saw participation from institutional investor Cactus Venture Partners, family offices and high net worth individuals (HNIs).

The funds raised in the current round will be invested in enhancing the technology and analytics capabilities of the Rubix Automated Risk Management and Monitoring System (ARMS) platform, said the company in a statement.

Mohan Ramaswamy, Co-Founder, CEO of Rubix Data Sciences, said, “As Covid-19 impacts the global economy, it has also enhanced the credit and fraud risk faced by businesses worldwide.