Perth cyber security startup Sapien Cyber will be wound up after no bids were received to restructure or recapitalise the business, now in the hands of liquidators.
Sapien Cyber, the Perth startup that emerged from Edith Cowan University's internationally recognised cyber security research institute, has been placed in the hands of administrators.
Sapien Cyber has come out in support of recently enacted changes to the nation's critical infrastructure laws, arguing businesses have nothing to fear from increased obligations.
A big ransomware attack that blocked fuel supplies in the US and a partnership with US company Honeywell have delivered a boost for Perth startup Sapien Cyber.
Joondalup-based Sapien Cyber, which was recently backed by Woodside Petroleum, has announced four high-profile board appointments as the company looks to move into the US market.
Woodside Petroleum has made a multi-million dollar investment in Edith Cowan University spin-out Sapien Cyber, which has become the third tech startup to attract financial backing from the gas producer over the past month.