Cactus Venture Partners invests in risk-management platform

By Leandra Monteiro

Cactus Venture Partners (CVP), a purpose-driven, early growth stage venture capital fund has announced pre-Series A investment in Rubix Data Sciences, technology and analytics driven B2B risk management and monitoring platform, to accelerate its growth.

With this, CVP has invested in four start-ups in the last six months. Having just commenced fund raising for its maiden fund, CVP aims to invest $100 million in fast-growing direct to consumer (D2C) brands and technology start-ups. Its portfolio includes Auric, an Ayurveda brand targeting millennials; AMPM, a global lifestyle brand with a modern Indian aesthetic, and Vitraya Technologies, a B2B SaaS player that functions at the intersection of health technology and insurance technology.

Anurag Goel, founder of Cactus Venture Partners opined, “We work with founders who are motivated by both purpose and financial success, and are building fast-growing companies sustainably. In Rubix and its exceptional founding team, led by Kaushal Sampat and Mohan Ramaswamy, we found a confluence of the above factors.” He added, “In a very short span, Rubix has been able to fill a gap in existing solutions used to manage credit, supplier and compliance risk by organisations, and is rapidly disrupting incumbents through its proprietary Rubix Automated Risk Management and Monitoring System (ARMS) platform.”

Rubix was founded in 2018 by Kaushal Sampat, Mohan Ramaswamy, Samir Modi and Dr. Vishnu Ramachandran, all highly experienced risk professionals with long stints in the information services industry. The Rubix ARMS platform and its suite of risk scores, reports, products, and solutions are based on its extensive database of structured and unstructured data aggregated from over 120 sources, customised predictive analytics and proprietary technology.

Rubix helps customers reduce credit, supplier and compliance risks of their supply and distribution chains. A key strength of the company is its use of risk analytics to provide risk scores for counterparties on whom sufficient public data is not available. Through its solutions, Rubix provides deep insights about credit, risk, supply chain and compliance professionals in over 350 banks, credit insurance companies, fintech firms and corporations, facilitating quicker and more effective decision-making.

Mohan Ramaswamy, Co-Founder and CEO of Rubix Data Sciences said, “Rubix is delighted to receive this pre-Series A funding from Cactus Venture Partners. In it, we have found an investor closely aligned to our values and passion for leveraging technology and analytics to solve complex problems. The proceeds of this funding round will be invested in growing our product engineering and AI capabilities, particularly in the B2B risk, fraud and identity domains. This will also enable Rubix to begin the process of establishing its footprint in key international markets.”