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In addition, the product which is marketed as "unbreakable" and "unhackable" technology, appears to be a rebranded version of someone's free product. Further, it introduces a security flaw (the company hardcodes its gmail account and password into the software, which is used for password reset).

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Can we call such a clown convention a "company"? It seems they lack a degree of seriousness that one might expect from a firm in which investors have invested capital.

I think you overestimate the rationality of investors. Just because someone has lots of money doesn't always mean they are clear thinking.

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