Riphean invests in cyber-security firm

A new downtown Fredericksburg-based firm is investing in a company focused on cyber-security education.

Riphean Investments, which is headquartered at 910 Charles Street, announced today an investment in RapidAscent, which is also based in Fredericksburg. Terms of the transaction were not disclosed.

Founded in 2020 by experienced startup executives with backgrounds in cyber-security, RapidAscent seeks to provide individuals with a true on-the-job education that solves the largest hiring crisis in corporate America: the cyber-security workforce. Its compelling technology solution tailors its curriculum to each student’s learning needs while directly aligning with corporate cyber-security positions and employer expectations.

“This is the perfect opportunity for Riphean Investments to partner with a mission-focused company proving national impact. RapidAscent has all the fundamentals we look for in a venture capital investment,” said Brian DeMuth, partner at Riphean Investments. “We’re excited about the impact and look forward to accelerating their growth.”

The Cyber Academy’s adaptive learning curriculum is co-designed with leading employers in finance, retail, utilities and energy, and aerospace and defense sectors. Through the program, students receive both live and asynchronous group instruction, hands-on apprenticeships and live-fire training so that they can master role-based skills and become an invaluable resource for their future employers immediately upon graduation.