RigUp Faces Layoffs and Massive Data Breach
Posted on 04/10/2020
Austin-based RigUp, Inc., a labor and marketplace provider, laid off 25% of its workforce. To make matters worse, there was a breach in the database which contained more than 70,000 private files belonging to its U.S. energy sector clients. In 2019, RigUp raised US$ 300 million in a Series D round led by Andreessen Horowitz, giving the company a US$ 1.9 billion valuation. Some earlier investors in RigUp include Moore Capital, GE Ventures, Founders Fund, Quantum Energy Partners, Box Group, Great Oaks Venture Capital, and FreeS VC.
The database that was exposed was labeled “ru” and was an Amazon Web Services (AWS) S3 bucket. More than 76,000 files were exposed, containing more than 100GB of data. These were human resource files from RigUp’s clients, contractors, job seekers, etc.