Technology and analytics-based Business to Business (B2B) risk management and monitoring platform Rubix Data Sciences, has raised INR 6.2 crore in its round of seed funding. The round saw participation from institutional investor Cactus Venture Partners, family offices, and high net worth individuals (HNIs). This round of fresh funding will be utilized to enhance the analytics and technology capabilities of the brand’s ‘Automated Risk Management and Monitoring System’ (ARMS).
Rubix's platform was launched in 2018, along with its list of products, reports, and services, based on its massive database of structured and unstructured information aggregated from over 120 sources, proprietary technology, and customized predictive analytics. Through its bouquet of solutions, Rubix provides deep insights into Risk, Credit, Compliance, and Supply Chain to professionals, facilitating effective and quick decision making. In 2018, Rubix was recognized as a part of the ‘Start-up India’ scheme led by the Department of Industrial Policy & Promotion (DIPP), Government of India. Presently, it has over 200 customers from the private sector, including banking and credit insurance. These customers use the ARMS Platform to make informed decisions around Credit, and Compliance decisions.