Akamai Invests in Cybersecurity Firm Rubicon Labs
Akamai Technologies has become a strategic investor in Rubicon Labs, the cybersecurity firm said Wednesday. Rubicon said it has now closed its Series A financing round after garnering a combined $11 million from Akamai and earlier investors Pelion Ventures and…
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Third Point Ventures. “Akamai invested in Rubicon because it has the unique capability to make encryption keys invisible so that authorized users and potential hackers alike have no knowledge of what they are,” Akamai Chief Architect Stephen Ludin said in a news release. “Rubicon has developed a true zero knowledge system whose protocols are cryptographically sound for use in data centers but also light enough to scale down to emerging IoT applications.” Akamai's investment “represents an opportunity for Rubicon to work closely with the industry’s leader in cloud security to explore and develop next-generation secure communications technology,” Rubicon CEO Dave Lundgren said in a news release.