Rubicon, founded in 2008, has raised $272M through multiple rounds and strategic investors including Wellington and Goldman Sachs. The Portland–based company provides smart waste management systems, combining connected trash cans and a digital platform to help governments and industries monitor waste types, ensure compliance, optimize logistics, and manage recycling. Funding supported technology development, operational scaling, and market expansion into healthcare, construction, and hospitality. Rubicon became a unicorn on Sep 5, 2017.
Keep reading to see how Rubicon modernizes waste management and city operations.
What Is Rubicon and What Does It Do?
Rubicon, founded in 2008, is a Portland–based (United States) smart waste management and sustainability technology company. Rubicon employs ~949 people.
The company provides connected trash bins and a cloud-based platform that allows governments and enterprises to track waste streams, improve compliance, optimize pickup routes, and manage recycling and segregation. Rubicon also serves healthcare, construction, and hospitality industries, delivering data-driven waste solutions for operational efficiency and sustainability goals.
How Much Funding Has Rubicon Raised?
1. Post IPO
- Amount Raised: $2.54M
- Date: Jan 10, 2024
- Lead Investors: Not specified
- Purpose: Additional capital for growth initiatives post-public listing
Total Funding Raised: $272M
Latest Funding Date: Jan 2024
Current Valuation: Public company (varies with market)
Key Investors
- Wellington Management
- Details: Global investment management firm
- Focus Areas: Growth-stage tech, sustainable infrastructure
- Notable Investments: Rubicon and other enterprise tech platforms
- Goldman Sachs
- Details: Global investment bank and strategic investor
- Focus Areas: Technology, sustainability, and enterprise software
- Notable Investments: Rubicon, fintech, and enterprise SaaS platforms
Where Is Rubicon’s Headquarters?
Rubicon is headquartered in Portland, Oregon, United States, serving smart city and commercial waste management markets.
What’s Next for Rubicon?
Rubicon will continue scaling its digital waste platform, expand smart bin deployments, integrate AI-driven logistics, and broaden its footprint across municipalities and industries to optimize sustainability and operational efficiency.
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