[Weekly funding report] Venture investments into startups continue to remain lacklustre yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
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. This volatile environment has created new challenges for businesses in assessing and monitoring the financial risk of customers, distributors, dealers, suppliers and other third parties in India and overseas.
[Funding alert] B2B risk management platform Rubix Data Sciences raises Rs 6 2 Cr in seed round yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.