Posted on August 04, 2022
Cybersecurity threats are on the rise amid the pandemic. But that wasn’t enough to convince investors to put more cash behind Rubica, a 4-year-old Seattle startup that aimed to help businesses and consumers stay safe online.
Rubica shut down last month after it was unable to reel in more investment and keep its business alive. The company had raised $15 million since launching in 2016 and was not yet profitable. It is in the process of liquidating its business assets.
“We are all heartbroken,” said Rubica CEO and co-founder Frances Dewing. “It’s particularly sad and frustrating because consumers need advanced cybersecurity more than ever.”
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