HUB Cyber Security Overview
HUB specializes in cybersecurity solutions protecting sensitive commercial and government information and is a recognized leader in the rapidly evolving field of zero-trust confidential computing, an area of cybersecurity that provides protection to data even when computers are infected and administrators are compromised. HUB's computing solutions aim at preventing hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. The company operates in over 30 countries and provides cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.
Cumulative Funding Raised Over Time ($)
$8.0MApr 2024
$28.0MAug 2025
$42.5MFeb 2022
$56.0MFeb 2025
$58.0MJun 2024
$63.0MJun 2024
$83.0MMar 2023
$88.0MMay 2020
$93.0MMay 2022
$109.0MMay 2023
Latest News
growth-positive
HUB Cyber Security Launches HUB Compliance™ Globally – Expanding Its Next-Generation AI Compliance Platform Worldwide
HUB Cyber Security Ltd., a developer of confidential computing and AI-driven solutions, has announced the global launch of HUB Compliance™, a next-generation compliance and regulatory oversight platform. Already deployed by European banks, the platform is expanding to financial institutions in North America, Asia, and the Middle East. HUB Compliance™ integrates AI, automation, and advanced analytics to enhance compliance operations, offering features like adaptive risk scoring, automation at scale, and proven auditability. The platform aims to transform compliance from a cost center into a competitive advantage for global financial institutions, leveraging real-world feedback from Tier-1 banks.
CustomersProduct Stage
growth-positive
HUB Cyber Security Ltd. Appoints Romke E. de Haan III as Head of its Cybersecurity Strategy & Innovation Division
HUB Cyber Security Ltd., a leader in AI-powered secured data fabric and zero-trust cybersecurity, announced the appointment of Romke E. de Haan III as Head of Cybersecurity Strategy and Innovation Division. This strategic move is aimed at expanding HUBs presence in North America. De Haan, with extensive experience in cyber defense and compliance automation, will lead the companys cybersecurity innovation agenda. His role will involve integrating AI-supervised threat detection and post-quantum cryptography into HUBs Enterprise Intelligence Grid. The company aims to establish itself as a trusted partner for financial institutions and governments in the era of AI and regulatory fragmentation. HUBs platform offers AI-driven identity, compliance automation, and digital asset security solutions.
Management ChangesPartners
growth-positive
HUB Cyber Security (Nasdaq: HUBC) Appoints Aviv Eyal to Lead AI-Native Digital Asset Infrastructure Division
HUB Cyber Security Ltd. announced the appointment of Aviv Eyal as the head of its new Digital Asset Infrastructure Division, marking a strategic expansion into the decentralized economy. This move aims to enhance HUBCs platform with secure, scalable infrastructure for digital asset institutions, reinforcing its leadership in AI-native cybersecurity. The new division will provide modular, secure solutions for digital asset firms, banks, and sovereign entities, addressing the growing demand for compliant, scalable solutions in decentralized finance and digital custody. The initiative is part of HUBCs mission to deliver programmable, tamper-resistant infrastructure for regulated industries, integrating AI supervision and quantum-secure capabilities.
Management ChangesExpand
growth-positive
HUB Cyber Security (Nasdaq: HUBC) Appoints Aviv Eyal to Lead AI-Native Digital Asset Infrastructure Division
HUB Cyber Security Ltd. announced the appointment of Aviv Eyal as the Head of its new Digital Asset Infrastructure Division, marking a strategic expansion into the decentralized economy. This move is part of HUBCs commitment to providing secure, scalable infrastructure for digital asset institutions. Aviv Eyal, with over 20 years of experience in digital encryption and decentralized systems, will lead the development of HUBCs zero-trust architecture and secured data fabric. The new division will offer modular, secure solutions for digital asset firms, banks, and sovereign entities, addressing the growing demand for compliant, scalable solutions in decentralized finance and digital custody. This expansion reinforces HUBCs leadership in AI-native cybersecurity and positions it for growth in high-compliance sectors.
Management ChangesProduct StageCustomers
growth-positive
HUB Security signs perpetual KYC, compliance services agreement with Kyrrex
HUB Cyber Security has announced a significant partnership involving a perpetual KYC and compliance services agreement with Kyrrex and a large crypto merchant vendor. This agreement is linked to a planned merger between Kyrrex and the vendor. HUB will provide its Perpetual KYC solution, which includes automated monitoring and regulatory intelligence services. The deal is expected to generate approximately $25 million in annual recurring revenue, starting July 1, 2025, by covering 1.2 to 1.5 million customer entities. This partnership aims to ensure regulatory compliance and cost synergies for the merged entity. The announcement is seen as growth-positive for HUB, highlighting its strategic role in the evolving cryptocurrency regulatory landscape.
PartnersCustomers
| Sector | Cyber Security |
Funding
| Total funding | $275M |
| Last funding | $20M |
| Stage | Public |
| Rounds | 11 |
| Investors | 7 |
Team Members
5
Employees: 51-200
Web & Social Links
| Website | hub-technologies.com |
Locations
Rothschild Boulevard 17, Tel Aviv-Yafo, Israel
New York, NY, USA
London, UK
Hogehilweg 4, 1101 CC Amsterdam, Netherlands
Photos & Videos
3 item(s)
HUB Cyber Security Business
Business models
B2G, B2B
Product stage
Released
Employees
51-200
Sector
Cyber SecurityData SecurityTarget Customer
Enterprise & Professional ServicesEnterprisesEnergy, Utilities & Waste ManagementUtilitiesWater UtilitiesGas UtilitiesElectricityFinancial ServicesFinancial InstitutionsBanksHealthcare & Life SciencesHealthcareProvidersLaboratoriesGovernment & CityCore Technology
Artificial IntelligenceMachine LearningCryptographyEncryptionTags (9)
data-protectioncyber-securityblockchainhomeland-securitynetwork-securityenterprise-solutionsquantum-computingcloud-securityhardwareGeographic Markets
GlobalHUB Cyber Security Financials
$275M
Total funding
Undisclosed
Capital raised
$20M
Last funding
Public
Funding stage
11
Total rounds
7
Investors
Cumulative Funding Raised Over Time ($)
$8.0MApr 2024
$28.0MAug 2025
$42.5MFeb 2022
$56.0MFeb 2025
$58.0MJun 2024
$63.0MJun 2024
$83.0MMar 2023
$88.0MMay 2020
$93.0MMay 2022
$109.0MMay 2023
Private Equity Funding
PIPE
Aug 2025
$20M
PIPE
Feb 2025
$13.5M
Claymore Capital Partners (Lead)
Debt Financing
Jun 2024
$2M
Undisclosed Investor(s)
PIPE
Jun 2024
$5M
Debt Financing
Apr 2024
$8M
Undisclosed Investor(s)
Convertible Debt
May 2023
$16M
The Lind Partners
PIPE
Mar 2023
$20M
A-Labs Finance & Advisory
PIPE
May 2022
$5M
A-Labs Finance & Advisory, Clover Wolf Capital
PIPE
Feb 2022
$14.5M
Undisclosed Investor(s)
A Round
May 2020
$5M
Axa Venture Partners (Lead)
,
OurCrowd
Public Offering / Exit
SpacEvent
Mar 2023
Undisclosed
ReverseMergerEvent
Jun 2021
Undisclosed
Mergers & Acquisitions
MNAEvent
Jan 2025
Undisclosed
MNAEvent
Apr 2024
Undisclosed
MNAEvent
Sep 2021
$21.8M
MNAEvent
Feb 2021
Undisclosed
HUB Cyber Security Lifecycle
Cumulative Funding Raised Over Time
$8.0MApr 2024
$28.0MAug 2025
$42.5MFeb 2022
$56.0MFeb 2025
$58.0MJun 2024
$63.0MJun 2024
$83.0MMar 2023
$88.0MMay 2020
$93.0MMay 2022
$109.0MMay 2023
All Events
PIPE
Aug 2025
$20M
PIPE
Feb 2025
$13.5M
Claymore Capital Partners (Lead)
Debt Financing
Jun 2024
$2M
Undisclosed Investor(s)
PIPE
Jun 2024
$5M
Debt Financing
Apr 2024
$8M
Undisclosed Investor(s)
Convertible Debt
May 2023
$16M
The Lind Partners
PIPE
Mar 2023
$20M
A-Labs Finance & Advisory
PIPE
May 2022
$5M
A-Labs Finance & Advisory, Clover Wolf Capital
PIPE
Feb 2022
$14.5M
Undisclosed Investor(s)
A Round
May 2020
$5M
Axa Venture Partners (Lead)
,
OurCrowd
SpacEvent
Mar 2023
Undisclosed
ReverseMergerEvent
Jun 2021
Undisclosed
MNAEvent
Jan 2025
Undisclosed
MNAEvent
Apr 2024
Undisclosed
MNAEvent
Sep 2021
$21.8M
MNAEvent
Feb 2021
Undisclosed
HUB Cyber Security News
116 articles
growth-positive
HUB Cyber Security Launches HUB Compliance™ Globally – Expanding Its Next-Generation AI Compliance Platform Worldwide
HUB Cyber Security Ltd., a developer of confidential computing and AI-driven solutions, has announced the global launch of HUB Compliance™, a next-generation compliance and regulatory oversight platform. Already deployed by European banks, the platform is expanding to financial institutions in North America, Asia, and the Middle East. HUB Compliance™ integrates AI, automation, and advanced analytics to enhance compliance operations, offering features like adaptive risk scoring, automation at scale, and proven auditability. The platform aims to transform compliance from a cost center into a competitive advantage for global financial institutions, leveraging real-world feedback from Tier-1 banks.
CustomersProduct Stage
growth-positive
HUB Cyber Security Ltd. Appoints Romke E. de Haan III as Head of its Cybersecurity Strategy & Innovation Division
HUB Cyber Security Ltd., a leader in AI-powered secured data fabric and zero-trust cybersecurity, announced the appointment of Romke E. de Haan III as Head of Cybersecurity Strategy and Innovation Division. This strategic move is aimed at expanding HUBs presence in North America. De Haan, with extensive experience in cyber defense and compliance automation, will lead the companys cybersecurity innovation agenda. His role will involve integrating AI-supervised threat detection and post-quantum cryptography into HUBs Enterprise Intelligence Grid. The company aims to establish itself as a trusted partner for financial institutions and governments in the era of AI and regulatory fragmentation. HUBs platform offers AI-driven identity, compliance automation, and digital asset security solutions.
Management ChangesPartners
growth-positive
HUB Cyber Security (Nasdaq: HUBC) Appoints Aviv Eyal to Lead AI-Native Digital Asset Infrastructure Division
HUB Cyber Security Ltd. announced the appointment of Aviv Eyal as the head of its new Digital Asset Infrastructure Division, marking a strategic expansion into the decentralized economy. This move aims to enhance HUBCs platform with secure, scalable infrastructure for digital asset institutions, reinforcing its leadership in AI-native cybersecurity. The new division will provide modular, secure solutions for digital asset firms, banks, and sovereign entities, addressing the growing demand for compliant, scalable solutions in decentralized finance and digital custody. The initiative is part of HUBCs mission to deliver programmable, tamper-resistant infrastructure for regulated industries, integrating AI supervision and quantum-secure capabilities.
Management ChangesExpand
growth-positive
HUB Cyber Security (Nasdaq: HUBC) Appoints Aviv Eyal to Lead AI-Native Digital Asset Infrastructure Division
HUB Cyber Security Ltd. announced the appointment of Aviv Eyal as the Head of its new Digital Asset Infrastructure Division, marking a strategic expansion into the decentralized economy. This move is part of HUBCs commitment to providing secure, scalable infrastructure for digital asset institutions. Aviv Eyal, with over 20 years of experience in digital encryption and decentralized systems, will lead the development of HUBCs zero-trust architecture and secured data fabric. The new division will offer modular, secure solutions for digital asset firms, banks, and sovereign entities, addressing the growing demand for compliant, scalable solutions in decentralized finance and digital custody. This expansion reinforces HUBCs leadership in AI-native cybersecurity and positions it for growth in high-compliance sectors.
Management ChangesProduct StageCustomers
growth-positive
HUB Security signs perpetual KYC, compliance services agreement with Kyrrex
HUB Cyber Security has announced a significant partnership involving a perpetual KYC and compliance services agreement with Kyrrex and a large crypto merchant vendor. This agreement is linked to a planned merger between Kyrrex and the vendor. HUB will provide its Perpetual KYC solution, which includes automated monitoring and regulatory intelligence services. The deal is expected to generate approximately $25 million in annual recurring revenue, starting July 1, 2025, by covering 1.2 to 1.5 million customer entities. This partnership aims to ensure regulatory compliance and cost synergies for the merged entity. The announcement is seen as growth-positive for HUB, highlighting its strategic role in the evolving cryptocurrency regulatory landscape.
PartnersCustomers
growth-positive
HUB Cyber Security Appoints Former PayPal and American Express Executive Paul Parisi as its Global Chief Revenue Officer
HUB Cyber Security Ltd. has appointed Paul Parisi as its Global Chief Revenue Officer to accelerate its expansion in North America. Parisi, with over 25 years of experience in scaling commercial organizations, will focus on establishing enterprise sales frameworks and expanding compliance-aligned partner ecosystems. His previous roles include President of PayPal Canada and senior leadership positions at American Express and Silicon Valley Bank. This strategic appointment aims to fortify HUBs enterprise presence and meet the rising demand from Fortune 1000 clients, sovereign entities, and financial institutions. HUB is a leader in secured data infrastructure and confidential computing, operating in over 30 countries.
Management ChangesExpandPartnersCustomers
growth-positive
Nasdaq Confirms Full Compliance of HUB Cyber Security with Nasdaq’s Listing Standards
HUB Cyber Security Ltd. has achieved compliance with Nasdaq Capital Market listing requirements, marking a significant milestone following strategic restructuring and improved financial execution. The company is expanding its commercial operations, growing its revenue base, and deploying its solutions across banking, government, and digital asset sectors. HUB has introduced AI-powered and quantum-resilient infrastructure solutions, meeting the rising demand for secure and compliant solutions. The company continues to sign multi-year agreements with financial institutions and sovereign entities, expanding its presence in North America and Europe. HUB is positioned as a critical infrastructure provider for security-sensitive organizations worldwide.
CustomersPartners
growth-positive
HUB Cyber Security Expands Cybersecurity Practice with Strategic Client Wins Across Regulated Sectors
HUB Cyber Security Ltd., a developer of confidential computing cybersecurity solutions, announced new customer wins valued at over $1.5 million in high-risk, regulated industries such as healthcare, financial services, and digital infrastructure. These engagements, signed in the first quarter of 2025, highlight HUBs growing influence in providing secure and compliant infrastructure. The company reported that over 60% of its annual revenue comes from recurring contracts, emphasizing its strong market position. HUBs core platform, the Secured Data Fabric, offers zero-trust environments and AI-driven compliance capabilities, with active deployments in North America and Europe. The company continues to expand its cybersecurity solutions globally.
Customers
growth-positive
Hub Cyber Security Ltd (HUBC) (FY 2024) Earnings Call Highlights: Strategic Shifts and Growth ...
Hub Cyber Security Ltd has seen significant growth in its pipeline, particularly from financial institutions and public infrastructure providers in Europe and North America. The company secured a $20 million engagement with the Bank of San Marino to modernize its digital banking infrastructure. Despite a decrease in revenue for 2024, the company improved its gross margin and reduced legacy liabilities. Hub Cyber Security is transitioning from a hardware and services company to a software-centric model, focusing on high-margin software solutions powered by AI. The company is expanding its US presence with a new office in New York City and is aggressively hiring talent. However, there are potential liquidity concerns with cash and cash equivalents at $3.1 million at the end of the year.
CustomersExpand
growth-positive
HUB Security Reports Second Half 2024 Financial Results and the Filing of its Annual Report on Form 20-F for the Year Ended December 31, 2024
HUB Cyber Security Ltd. reported its financial results for the second half of 2024, highlighting a strategic pivot towards higher-margin business segments. The company has exited lower-margin areas within its IT Services and Cyber Consultancy divisions to focus on its core offerings in secure data infrastructure. This shift has resulted in a significant improvement in gross margin and a reduction in operating expenses, despite a decrease in revenue. The companys CEO, Noah Hershcoviz, emphasized the strategic transformation and commitment to scaling profitably while expanding the client base. The results indicate a positive impact on profitability and a stronger foundation for sustainable growth.
Product StageCustomers
growth-positive
Hub Cyber Security Appoints Shlomo Bibas as an Independent Member of the Board of Directors
HUB Cyber Security Ltd., a leader in confidential computing and advanced data fabric technology, has appointed Shlomo Bibas as an Independent Member of its Board of Directors. Mr. Bibas, who brings over two decades of experience in technology and corporate governance, will also serve as Chairperson of the Compensation Committee. His appointment is part of HUBs strategy to enhance corporate governance and support its global expansion. Mr. Bibass extensive experience in high-technology sectors and understanding of market dynamics is expected to be instrumental in driving HUBs strategic growth and delivering long-term value to shareholders. HUB specializes in advanced cybersecurity solutions and operates in over 30 countries, serving a diverse client base.
Management Changes
growth-positive
Hub Cyber Security Appoints John Rogers as President of the Americas Region to Lead U.S. Market Expansion
HUB Cyber Security Ltd., a leader in confidential computing and advanced data fabric technology, has appointed John Rogers as President of the Americas Region. This strategic move is part of HUBs broader initiative to establish its U.S. headquarters this summer, marking a significant step in its expansion across North America. John Rogers, with extensive experience in public policy, national security, and business strategy, will lead efforts to engage key stakeholders and deliver HUBs solutions to critical sectors. The company has been selected by Cassa di Risparmio, a prestigious bank in San Marino, and aims to secure multiple U.S. banking clients in the coming months. This expansion underscores HUBs commitment to providing top-tier cybersecurity solutions across the Americas.
Management ChangesExpandCustomers
growth-positive
HUB Security secures EUR 20M contract from European financial institution
HUB Cyber Security has secured a EUR 20 million contract from Cassa di Risparmio della Repubblica di San Marino for a digital banking and infrastructure modernization project. This initiative is subject to regulatory approvals and the execution of a definitive agreement, with implementation expected by the end of 2025. The contract signifies a growth-positive impact for HUB Cyber Security, as it expands its customer base with a significant European financial institution. Additionally, HUB Cyber Security has appointed Renah Persofsky as the new chairperson of the board, indicating management changes within the company.
CustomersManagement Changes
growth-positive
HUB Cyber Security Wins €20 Million Contract to Lead Banking Modernization for Prestigious Financial Institution in Europe
HUB Cyber Security Ltd., a global provider of cybersecurity solutions, has been selected by Cassa di Risparmio della Repubblica di San Marino S.p.A. to lead a €20 million digital banking and infrastructure modernization project. This initiative aims to overhaul the banks core technology ecosystem, focusing on regulatory compliance, cybersecurity, and data center modernization. The project is expected to be completed by the end of 2025, pending regulatory approvals. This contract represents a significant milestone for HUB, marking its strategic expansion into the regulated banking sector and reinforcing its position as a trusted partner in high-security environments.
CustomersPartners
growth-positive
HUB Cyber Security Wins €20 Million Contract to Lead Banking Modernization for Prestigious Financial Institution in Europe
HUB Cyber Security Ltd., a global cybersecurity and data protection solutions provider, has been selected by Cassa di Risparmio della Repubblica di San Marino S.p.A. to lead a €20 million digital banking and infrastructure modernization project. This initiative, pending regulatory approvals and a definitive agreement, is expected to be completed by the end of 2025. The project will overhaul the banks core technology ecosystem, including regulatory compliance, cybersecurity, and banking platforms. This selection marks a significant milestone for HUB, reinforcing its strategic expansion into the regulated banking sector and its reputation as a trusted partner in high-security environments.
Customers
growth-positive
HUB Cyber Security Appoints Renah Persofsky as Chairperson of the Board
HUB Cyber Security Ltd. announced a significant leadership change with the appointment of Ms. Renah Persofsky as the new Active Chairperson of the Board of Directors, effective March 25, 2025. Ms. Persofsky brings extensive executive leadership experience across various sectors and is expected to enhance HUBs corporate governance and support its expansion goals. The outgoing Chair, Mr. Kasbian Nuriel Chirich, will remain on the Board as a director. This transition is seen as a positive move for HUB, as it aims to strengthen its position in the global cybersecurity and core-banking platforms market. The company is poised for growth under Ms. Persofskys leadership, leveraging her strategic acumen and global business insights.
Management Changes
growth-positive
HUB Announces Reverse Share Split
HUB Security, a leader in confidential computing and secured data fabric technology, announced a 1-for-10 reverse share split of its ordinary shares. This adjustment will be effective on March 28, 2025, with trading on a split-adjusted basis beginning March 31, 2025, on Nasdaq. The reverse split aims to increase the per-share trading price and help the company comply with Nasdaqs minimum bid price requirement. The split affects all shareholders uniformly and adjusts the companys derivative securities to maintain economic effects. No fractional shares will be issued, and fractional shares will be rounded down. The company believes this move will positively impact its trading compliance.
growth-negative
Nasdaq Hearings Panel Extends HUB Cyber Security’s Bid Price Compliance Deadline to April 14, 2025, Following Review of HUB’s Developments
HUB Cyber Security Ltd., a leader in confidential computing and cybersecurity solutions, has been granted a 14-day extension by the Nasdaq Hearings Panel to comply with the minimum bid price requirement. The company must achieve a minimum of $1 per share for 10 consecutive trading days by April 14, 2025, to maintain its listing on Nasdaq. This extension follows a review of HUBs recent developments and progress, indicating the Panels confidence in the companys achievements and future roadmap. HUB, established in 2017 by Israeli Defense Forces veterans, operates in over 30 countries, providing advanced cybersecurity solutions to protect sensitive information.
Public Trading
growth-positive
HUB Cyber Security Secures Continued Nasdaq Listing, Marking an Important Milestone
HUB Cyber Security Ltd. has been granted continued listing on the Nasdaq Stock Market after a review by the Nasdaq Hearings Panel. The decision was based on the companys ability to bring its market value of listed securities above the $35 million minimum. HUB Cyber Security is required to transfer to The Nasdaq Capital Market and meet specific compliance requirements by March 31, 2025. The company is focused on maintaining Nasdaq compliance, strengthening investor confidence, and executing its growth strategy. CEO Noah Hershcoviz emphasized the companys commitment to delivering shareholder value and fostering innovation.
Public Trading
growth-positive
HUB Cyber Security Resolves $16.6 Million in Legacy Liabilities through Strategic Settlements with Oppenheimer & Co. and Dominion Capital; Secures $13.5 Million Financing on Favorable Terms
HUB Cyber Security Ltd. has successfully settled $16.6 million in legacy liabilities for $7.5 million, significantly strengthening its financial position. The company secured $13.5 million from Claymore Capital Pty Ltd. in long-term convertible notes to fund these settlements, preserving liquidity and enhancing financial flexibility. This move is part of HUBs strategic financial management, following its acquisition of BlackSwan and executive restructuring. The company is now focused on executing its growth strategy, capitalizing on market demand, and creating long-term value for shareholders. HUB specializes in advanced cybersecurity solutions and operates in over 30 countries.
InvestmentManagement ChangesAcquisition
HUB Security resolves $16.6M in legacy liabilities
growth-positive
HUB Cyber Security Secures Six-Month Extension on $11M Notes, and Strengthens Shareholder Equity
HUB Cyber Security Ltd., a leader in cybersecurity solutions, has secured a six-month extension on $11 million in convertible notes, enhancing its financial stability and capital structure. This move is aimed at supporting long-term growth and market expansion. The agreement involves reclassifying investor warrants from debt to equity, strengthening HUBs balance sheet. CEO Noah Hershcoviz emphasized the companys commitment to financial discipline and growth. HUB, established by Israeli Defense Forces veterans, specializes in protecting sensitive information and operates in over 30 countries. The financial adjustment aligns with HUBs strategy to enhance operational flexibility and drive success.
Investment
growth-positive
HUB Cyber Security Completes Acquisition of BlackSwan Technologies to Drive AI-Powered Data Solutions for Global Enterprises
HUB Cyber Security Ltd. has announced the acquisition of BlackSwan Technologies, Inc., a move that positions HUB to capitalize on a projected $12.91 billion market by 2032. This acquisition aims to enhance HUBs offerings in advanced security, compliance, and regulatory technologies for banks, fintechs, and governments globally. The acquisition is expected to solidify HUBs position as a leader in secured data fabric solutions, addressing increasing customer demands and regulatory requirements. BlackSwans solutions are already trusted by major banks and governments, and the combined operations are projected to generate significant revenue growth, with additional bookings of over $25 million anticipated in 2025.
AcquisitionCustomers
growth-positive
HUB Cyber Security Updates on Final Steps Towards the Closing of its Transformative Acquisition of BlackSwan Technologies
HUB Cyber Security Ltd., a prominent cybersecurity solutions provider, announced the acquisition of BlackSwan Technologies, Inc. The definitive agreement was signed on January 15, 2025, and the transaction is expected to close by January 28, 2025. This acquisition is seen as transformative for HUB, positioning it as a potential market leader in secured data fabric solutions. The deal is anticipated to unlock significant opportunities for cross-selling and cost optimization, potentially accelerating profitability and cash flow generation. HUB operates in over 30 countries, offering advanced cybersecurity solutions to a diverse client base.
Acquisition
growth-negative
HUB Security Announces Receipt of Staff Delisting Notice
HUB Cyber Security Ltd., a leading cybersecurity solutions provider, is facing a potential delisting from the Nasdaq Stock Market due to non-compliance with the minimum bid price requirement. The company was given until January 13, 2025, to regain compliance but failed to do so. Consequently, a Staff Delisting Determination was issued. HUB has requested an appeal, scheduled for February 6, 2025, which temporarily stays the delisting action. The company believes its improved financial position will support continued listing. HUB operates globally, offering advanced cybersecurity solutions and services. The outcome of the appeal will determine the companys future on the Nasdaq Global Market.
Public Trading
growth-positive
HUB Cyber Security Acquires BlackSwan Technologies, Delivering Unrivaled AI-Powered Secured Data Fabric Solutions for Financial Institutions Facing Escalating Risks
HUB Cyber Security Ltd. announced its acquisition of BlackSwan Technologies, a move that positions HUB as a leader in secured data fabric solutions. This acquisition enhances HUBs portfolio with BlackSwans AI-powered technology, which is trusted by large global banks and financial institutions. The integration of BlackSwans solutions is expected to reduce costs and ensure compliance with global regulations. The acquisition is set to close next week and is seen as a strategic step for HUB to offer advanced solutions across various industries, including banking and healthcare, while addressing modern financial challenges.
AcquisitionCustomersPartners
growth-positive
HUB Cyber Security Updates on Strategic Share Registrations and Loan Securities
HUB Cyber Security Ltd., a leader in cybersecurity solutions, announced an update on its recent filings and share registrations. On December 31, 2024, the company filed an update with the U.S. Securities and Exchange Commission regarding potential future share issuances from convertible notes and warrants. These shares are primarily held as security for loans by key investors and will be canceled once the loans are repaid. This move is a preliminary step towards a significant financing round aimed at strengthening HUBs financial position and supporting future growth. CEO Noah Hershcoviz emphasized the importance of these updates in positioning the company for future opportunities and ensuring transparency with investors.
Investment
growth-positive
HUB Secures $7M In Debt Restructuring, Strengthening Financial Stability and Growth Trajectory
HUB Cyber Security Ltd. has successfully restructured $7 million of its secured debt with United Mizrahi Tefahot Bank, covering over 60% of its total secured debt. This agreement, signed on December 19, 2024, defers principal payments until mid-2025, enhancing the companys liquidity and allowing it to focus on operational expansion. The restructuring aligns with HUBs strategy to achieve financial stability and growth, as it continues to negotiate refinancing for the remaining debt, expected to conclude in early 2025. HUBs CEO, Noah Hershcoviz, emphasized the companys commitment to generating shareholder value and maintaining its position as a leader in cybersecurity solutions. Operating in over 30 countries, HUB serves a diverse client base with its advanced cybersecurity technologies.
CustomersPartners
growth-negative
HUB Security Announces Receipt of Staff Delisting Notice and Initiation of Appeals Process
HUB Cyber Security Ltd., a leading cybersecurity solutions provider, has received a Staff Delisting Determination from Nasdaq, indicating plans to delist the companys securities from the Nasdaq Global Market. This decision follows a previous notice in August 2024, citing non-compliance with Nasdaqs listing rule due to the companys total assets and revenue falling below the $50 million threshold. HUB has submitted a Compliance Plan, which was deemed insufficient by Nasdaq. The company plans to appeal the decision, which will temporarily halt any delisting actions. HUB believes its improved financial position may support continued listing. The outcome of the appeal remains uncertain, but the companys securities will remain tradeable pending the hearing.
Public Trading
growth-positive
HUB Cyber Security Reports First Half 2024 Financial Results and Corporate Update
HUB Cyber Security Ltd. reported its financial results for the first half of 2024, highlighting a strategic shift towards higher-margin business areas. Despite a decrease in revenue from $25.0 million in H1 2023 to $15.7 million in H1 2024, the company significantly improved its gross margin from -7.6% to 9.5%. Operating expenses were reduced by 71%, leading to a 74% improvement in operating loss. This transformation is part of HUBs effort to optimize its business sectors by moving away from less profitable segments and focusing on core offerings. CEO Noah Hershcoviz emphasized the companys progress in its transformation journey and its readiness to capitalize on emerging opportunities in 2025.
growth-positive
HUB Cyber Security Reduces $5.7 Million Debt by 70%, Secures Additional Funding, Plans Long-Term Refinancing and Welcomes a New Word-Class Board Member
HUB Cyber Security Ltd. announced a strategic financial restructuring, including a 70% reduction of its $5.7 million convertible note obligations through a settlement with AGP, and securing an additional $1 million investment from a private investor. The company is also refinancing $7.5 million of debt into a long-term settlement to strengthen its financial foundation. Additionally, HUB Security appointed Ms. Renah Persofsky to its Board of Directors, replacing Ms. Lior Lurye. Ms. Persofsky brings extensive business experience and strategic insights, expected to enhance the companys corporate governance and growth. These efforts are part of HUB Securitys strategy to ensure sustainable growth and long-term success in delivering cybersecurity solutions.
InvestmentManagement Changes
growth-positive
HUB Cyber Security Reduces $5.7 Million Debt by 70%, Secures Additional Funding, Plans Long-Term Refinancing and Welcomes a New World-Class Board Member
HUB Cyber Security Ltd. announced a strategic financial restructuring, including a 70% reduction of its $5.7 million convertible note obligations through a settlement with AGP. The company also secured an additional $1 million investment from a private investor, who has previously invested $10 million. HUB Security is pursuing refinancing of $7.5 million debt into a long-term settlement to strengthen its financial foundation. Additionally, Ms. Renah Persofsky has been appointed to the Board of Directors, replacing Ms. Lior Lurye. Ms. Persofsky brings extensive business experience and will enhance the companys corporate governance. These efforts are part of HUB Securitys strategy to position itself for sustainable growth and long-term success.
InvestmentManagement Changes
growth-positive
HUB Cyber Security to Discuss First Half 2024 Financial Results and Provide Corporate Update on December 2, 2024
HUB Cyber Security Ltd., a leading provider of cybersecurity solutions, has announced a conference call scheduled for December 2, 2024, to review its first half 2024 results. The company, established by veterans of the Israeli Defense Forces, specializes in unique cybersecurity solutions and operates in over 30 countries. It has developed an advanced encrypted computing solution and a novel set of data theft prevention solutions. HUBs Secured Data Fabric, developed in partnership with BlackSwan Technologies, is gaining recognition as a leader in secure data management. The conference call will be accessible via phone and webcast, with opportunities for participants to ask questions. This event highlights HUBs ongoing commitment to innovation and its strategic partnership with BlackSwan Technologies.
Partners
growth-positive
HUB Security Announces Strategic Initiatives and Upcoming Financial Results Amid U.S. Market Penetration Plans
HUB Cyber Security Ltd., a leading cybersecurity solutions provider, is making significant strides in enhancing its market position. The company is expanding its product offerings within its existing customer base, including a key contract with a leading European bank. HUB Security has added five new customers in Q3 2024 and is negotiating a collaboration deal with Western European banks. The company is also preparing for a strategic entry into the U.S. market in Q1 2025, focusing on research, development, and partnerships. CEO Noah Hershcoviz emphasizes the companys commitment to converting its pipeline of prospects into revenue-generating contracts, with a focus on strategic objectives and capital deployment in Europe.
CustomersPartnersExpand
HUB Security to Present at the 2024 ThinkEquity Conference
growth-negative
HUB Receives Nasdaq Notification Regarding Total Assets and Total Revenue Non-compliance
HUB Cyber Security Ltd (Nasdaq: HUBC) has been notified by Nasdaq that it is no longer in compliance with the Total Assets and Total Revenue Requirement for continued listing. The company has until October 7, 2024, to submit a compliance plan. If accepted, HUB could get an extension until February 19, 2025, to regain compliance. Failure to comply may result in delisting. HUB is considering options to meet the listing standards. The company specializes in cybersecurity solutions and operates in over 30 countries.
Public Trading
growth-positive
HUB Security Formalizes Collaboration with Blackswan Technologies to Lead the Rapidly Growing Secured Data Fabric (SDF) Multi-Billion Dollar Market
HUB Cyber Security Ltd. and Blackswan Technologies (BST) have formalized their partnership to co-develop and showcase innovative Secured Data Fabric (SDF) solutions. The partnership is focused on a group of banks in Western Europe, with a deal valued at approximately €20 million. HUB Security has the exclusive option to acquire BST by August 22, 2025. The SDF solution integrates BST’s unique data fabric architecture with HUB Securitys systems, enhancing overall security capabilities and reducing the cost of data management and security for large financial institutions and government entities by over 30%.
PartnersAcquisition
growth-positive
HUB Security Announces $3.3 Million Investment to Accelerate Corporate Growth
HUB Cyber Security Ltd. has announced the successful completion of a $3.3 million private placement from non-U.S. investors. The investment is in the form of convertible notes with a conversion price of $0.70 per share. The company has also issued warrants with an exercise price of $1.00 per share. In addition, HUB Security is in discussions to extend the maturity date of a $4.0 million principal note, originally due in August 2024, as part of its broader financial strategy.
Investment
growth-positive
HUB Security Reports Fiscal 2023 Financial Results
HUB Cyber Security Ltd. has reported its financial results for the fiscal year ended December 31, 2023, with a revenue of $42.6 million. The company has retained a strong client base and implemented a growth strategy to establish itself as a leader in the Secured Data Fabric sector. The company has also undergone leadership changes and made significant acquisitions, including QPoint Technologies and a strategic collaboration with BlackSwan Technologies. These moves have expanded the companys reach to large enterprises and European banks, and positioned HUB as a dominant force in the secured data fabric market.
Management ChangesAcquisition
growth-negative
HUB Receives Nasdaq Notification Regarding Minimum Bid Price Requirement
HUB Cyber Security Ltd has been notified by Nasdaq that it is no longer in compliance with Nasdaq Listing Rule 5450(a)(1) due to its share price closing below the $1.00 per share minimum bid price for 30 consecutive business days. The company has been given an initial 180-day period to regain compliance. If it fails to do so, it may be eligible for an additional 180-day compliance period. If the company still fails to regain compliance, its shares will be subject to delisting.
Public Trading
growth-positive
Hub Security Announces Successful $15 Million Refinancing and Capital Raising
HUB Cyber Security Ltd. announced the successful restructuring of $8 million in debt, securing an additional $2 million in new debt financing, and raising $5 million through the exercise of warrants by key shareholders. This financial boost strengthens the companys position to enhance its product offerings and advance its Secure Data Fabric (SDF) roadmap. CEO Noah Hershcoviz expressed confidence in the companys strategic direction and commitment to delivering advanced cybersecurity solutions. The company operates in over 30 countries, providing innovative cybersecurity services. The event took place on June 27, 2024.
Investment
growth-positive
Hub Security Announces Successful $15 Million Refinancing and Capital Raising
HUB Cyber Security Ltd. has successfully restructured $8 million of its debt that was due this month. The company has also secured an additional $2 million in debt financing. Key shareholders have exercised warrants at an exercise price of $0.90 per share, resulting in an additional $5 million in capital. The company is now well-positioned to enhance its product offerings, advance its Secure Data Fabric (SDF) roadmap, and drive forward growth in the cybersecurity space.
Investment
growth-positive
HUB Cyber Security Provides Updates on Financial Reports and Recent Business Developments
HUB Cyber Security Ltd., a developer of cybersecurity solutions, has announced that it has secured two deals with governmental entities, indicating its commitment to strategic expansion. The company is also on track to release its annual financial reports in the coming weeks. HUB Cyber Security Ltd. was established in 2017 and specializes in unique cybersecurity solutions protecting sensitive commercial and government information. The company operates in over 30 countries and provides a wide range of cybersecurity services worldwide.
CustomersExpand
growth-negative
HUB Cyber Security Ltd. Confirms Settlement Progress with Oppenheimer & Co.
HUB Cyber Security Ltd. is making progress towards reaching a settlement with Oppenheimer & Co. over a $12 million dispute related to unpaid fees for SPAC merger-related services. The company, which specializes in unique cyber security solutions, was established in 2017 by veterans of the Israeli Defense Forces. It operates in over 30 countries and provides innovative cybersecurity computing appliances and a wide range of cybersecurity services worldwide. However, the settlement process and other uncertainties may impact the companys future financial performance.
Partners
growth-positive
HUB Cyber Security and BlackSwan to Jointly Showcase Advanced Secured Data Fabric Solution at Money 20/20 Event
HUB Cyber Security Ltd. and BlackSwan Technologies (BST) are set to jointly participate in the upcoming Money 20/20 event. They will showcase the Secured Data Fabric (SDF) solution, a technology designed to facilitate secure access to data across multiple sectors including healthcare, government, energy, defense, and finance. The SDF solution aims to empower organizations to securely manage and access their data without compromising confidentiality or integrity.
Partners
growth-negative
HUB Security Provides an Update on the 2023 Annual Report
HUB Cyber Security Ltd. has announced a delay in the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2023, due to the need for additional time to complete the audit of its annual financial statements. This is primarily due to the recent strategic acquisition of QPoint and the companys efforts to finalize a debt restructuring. The company has received a notice from The Nasdaq Stock Market LLC indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delay. However, this does not immediately affect the listing or trading of HUB’s securities.
AcquisitionPublic Trading
growth-positive
HUB Cyber Security Awarded Key Contract by the Israeli Airports Authority
HUB Cyber Security Ltd. has been awarded a new contract by the Israel Airports Authority. The contract, valued at approximately $2 million, will see HUB provide supervision services and engineering design consultancy at all Airports Authority sites across Israel. This contract win, achieved against ten other competitors, highlights HUBs successful integration of recent acquisitions and its expansion in service capabilities and market reach.
CustomersAcquisition
growth-positive
HUB Cyber Security Strongly Responds To Dominion’s Misleading Lawsuit; Reaffirms Dedication To Expansion And Worldwide Customer Support
HUB Cyber Security Ltd. is facing legal proceedings initiated by Dominion in the US and Israel, which the company considers to be frivolous and without merit. Despite this, HUB remains committed to its business objectives and has recently raised over $8 million in funds and acquired QPOINT, a company with annual revenues of over $26 million. This acquisition is part of HUBs strategic expansion and the company continues to focus on innovation, customer satisfaction, and market expansion. HUB also highlighted its support for its global clients, including Rafael Advanced Defense Systems, a developer of the Iron Dome.
CustomersInvestmentAcquisition
growth-negative
Hedge fund appeals to court to declare Hub Security as insolvent | CTech
Dominion Capital is seeking to declare cybersecurity firm Hub Security insolvent, claiming the company owes it over $3 million. The hedge fund filed a request in the District Court in Tel Aviv-Yafo after attempts to collect the loan money failed. Dominion Capital entered into a financing agreement with Hub, providing a short-term loan of $2.5 million. Despite nearly a year passing, the fund says the debt remains unpaid. Hub Security closed 2022 with a net loss of $80 million and a total loss of $85.5 million. The company went public via a SPAC merger at a valuation of $1.3 billion in February 2023, but its value on Nasdaq has since dropped by 99%, now amounting to only $12 million.
InvestmentManagement ChangesPublic Trading
growth-positive
HUB Cyber Security Secures $8 Million in Financing to Accelerate Growth and Strengthen Financial Position
HUB Cyber Security Ltd. has announced a successful $8 million financing acquisition via a straight debt arrangement. This strategic financing is part of the companys ongoing effort to fortify its financial foundation and strategically invest in its future. The company aims to fuel its growth, enhance its working capital, and fulfill its obligations to creditors. The CEO of HUB, Noah Hershcoviz, stated that securing this financing underlines their commitment to growth and financial stability.
Investment
growth-positive
HUB Cyber Security Acquires QPoint Technologies, Advancing its Plans for a Secured Data Fabric Ecosystem
HUB Cyber Security Ltd has announced the successful cash acquisition of Qpoint Technologies. The acquisition is in line with HUBs mission to establish a leading global secure data fabric ecosystem. Qpoint has a diverse customer base of over 100 renowned brand clients, including partnerships with Rafael Advanced Defense Systems, the Israel Airport Authority and the Ministry of Defense of Israel. The acquisition will enhance HUBs capabilities in safeguarding sensitive information across various sectors and significantly broaden its customer base and service offerings.
AcquisitionCustomersPartners
growth-positive
HUB Cyber Security and Blackswan Tech Team Up for $3.2M Deal with a Top-Tier European Bank
HUB Cyber Security Ltd has announced a five-year contract with one of Europes top-tier banks to deploy cyber protective data-fabric solutions for transaction monitoring and cyber risk mitigation. This is a significant achievement of its collaboration with Blackswan Technologies Ltd., a leading U.S. enterprise-AI vendor. The contract will significantly strengthen the banks data monitoring infrastructure with per-transaction confidential computing security. This marks HUBs expansion into the finance sector, leveraging its novel transaction monitoring and screening process targeted specifically for high-volume data traffic of global financial institutions.
PartnersExpand
growth-positive
Hub Cyber Security Has Sealed Another Agreement With a Leading Credit Card Service Company
HUB Cyber Security Ltd, a developer of cybersecurity solutions, has announced the renewal of a partnership with a subsidiary of a major credit service provider. The deal, which brings the engagement to a six-figure number, will see the credit card services company integrate HUB Securitys cybersecurity services to enhance compliance and protect against emerging cybersecurity threats. HUB Security was established in 2017 and operates in over 30 countries, providing innovative cybersecurity computing appliances and services worldwide.
Partners
growth-positive
Hub Security Has Named Nachman Geva as Its CTO to Lead the Company’s Secured Data Fusion Strategy and Drive Innovation
HUB Cyber Security Ltd has announced the strategic appointment of Nachman Geva as its Chief Technology Officer (CTO). The company believes this move will position HUB Security at the forefront of the cybersecurity for the data fabric market. Geva, a distinguished entrepreneur with over two decades of leadership in high-tech data analytics, is expected to advance HUB Securitys commitment to achieving excellence in data fabric security. The companys CEO, Noah Hershcoviz, expressed excitement over Gevas appointment and is confident that his expertise will drive technological innovation.
Management Changes
growth-positive
Transforming Challenges into Triumphs: HUB Anticipates a Strong 2024-2025
HUB Cyber Security Ltd, a developer of Confidential Computing cybersecurity solutions, anticipates strong growth over the next two years, with revenues expected to exceed $100 million. The companys 2023 performance was affected by adverse events in Q1, but a complete change in C-level management and strategic initiatives are expected to drive a transformative year in 2024. The company has won over $40 million in new contracts and has a 93% gross retention rate for high-revenue-generating customers. The companys balance sheet shows $52,819 thousand in assets as of June 30, 2023.
Management Changes
growth-positive
HUB Cyber Security Seals New Agreement with Prominent International Entertainment Corporation
HUB Cyber Security Ltd, a developer of Confidential Computing cybersecurity solutions and services, has announced the expansion of its collaboration with a top global entertainment company. As part of the deal, the entertainment company will integrate HUB Securitys cybersecurity services across its global branches, enhancing protection against emerging cybersecurity threats. The move is seen as a testament to HUB Securitys previous achievements and its commitment to pioneering solutions and security.
PartnersExpand
growth-positive
Who Controls HUB Cyber Security Ltd. (NASDAQ:HUBC)?
HUB Cyber Security Ltd. is largely controlled by individual investors, who hold a 45% stake in the company. The largest shareholder is Evan Neumann, who owns 11% of the company. Institutional investors own a small portion of the company, but some have shown interest and bought in. Insiders hold a significant stake in the company, with a total value of $45m. Private equity firms hold a 16% stake, and private companies own 13% of the shares. The companys ownership structure suggests that the general public has a significant influence over management and governance-related decisions.
Investment
growth-positive
HUB Secures Prestigious Position as Prime Vendor in Major Deal with Top-Tier Israeli Defense Contractor for Advanced Real-Time Battle Computing Solutions
HUB Cyber Security Ltd has announced a key collaboration agreement with one of Israels top-three military contractors. The agreement will see HUB provide Confidential Computing and ancillary cybersecurity services to joint solutions to be used in a wide range of on-ground applications. The technology aims to secure all mission-critical information being processed in real-time by combat computers. The deal signifies a crucial step in HUBs mission to offer advanced security solutions and indicates the companys growing influence in the field of cybersecurity and military defense.
Partners
growth-negative
HUB Announces Reverse Share Split
HUB Cyber Security Ltd. has announced a 1-for-10 reverse share split of its ordinary shares in an attempt to regain compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1). The company had been notified by Nasdaq that it no longer complied with the rule as the bid price per share of the Ordinary Shares had closed below the $1.00 per share minimum bid price required for continued listing. The reverse share split will not alter any shareholder’s percentage ownership interest in the Company’s issued and outstanding Ordinary Shares.
Public Trading
growth-positive
HUB Wins €15 Million Project with a Prominent Swiss Aviation Vendor
HUB Cyber Security Ltd. has announced a framework agreement with a Swiss aviation vendor. The project, which is expected to span over three years, will see HUB provide a range of solutions and services for cyber data security. The initial scope of the project is approximately EURO 15.5 million, with potential expansions over the next three years. HUB will secure a unique aviation project involving an advanced electric and hydrogen-powered, vertical-take-off-and-landing (VTOL) airplane. The vendor is expected to pay an approximate total of EURO 15.5 million based on milestone payments over the course of the project.
CustomersExpand
growth-positive
BestGrowthStocks.Com Issues Comprehensive Analysis on Hub Cyber Security Ltd.
Best Growth Stocks, an independent equity research firm, has issued a comprehensive growth analysis on Hub Cyber Security Ltd, a cybersecurity solution provider. The report offers an extensive analysis of Hub Cyber Security’s recent news events, growth strategy, financials, and analyst ratings. Hub Cyber Security, established in 2017, specializes in unique cybersecurity solutions protecting sensitive commercial and government information. The company operates in over 30 countries and provides innovative cybersecurity computing appliances, as well as a wide range of cybersecurity services worldwide.
Investment
Growth-Positive
Strategic Leadership Transition at HUB Security: Noah Hershcoviz Appointed CEO while Uzi Moscovich Assumes back an Active Director Role
HUB Cyber Security Ltd. has announced significant changes to its executive leadership team. The companys board has appointed Noah Hershcoviz, the current Chief Strategy Officer and a member of its Board of Directors, as the new Chief Executive Officer. Hershcoviz has played a central role in raising capital for HUB and strengthening the management team. He aims to restore investor confidence and build a formidable business. Uzi Moscovich, who was the Chairman of the Board up till 11 months ago, will be assuming back the role of Active Director on the board.
Management Changes
growth-positive
HUB Security and Blackswan Technologies to collaborate on providing a Cyber enterprise solution for one of largest EU banks
HUB Cyber Security Ltd has announced a significant expansion of its collaboration with Blackswan Technologies Ltd, a leading U.S. enterprise-AI vendor, to provide a joint solution for enterprise Confidential Computing to the financial sector. This comes in connection with an agreement recently signed by Blackswan Technologies with one of Europe’s largest financial institutions, where HUB will provide Confidential Computing cybersecurity solutions to safeguard the bank’s critical data assets. The framework agreement is signed for a 3-year term with a potential 24-month extension. It is expected that Hub’s share of the revenue will exceed $25m within the year and a half.
PartnersCustomersExpand
growth-positive
Hub Security Forecasts Over $10 Million in New Contracts in 2024 from a Key Contract with Top US Enterprise AI Firm in Groundbreaking Big4 Project
HUB Cyber Security Ltd has signed a letter of intent for a financing and services agreement and strategic collaboration agreement with Blackswan Technologies. This strategic alliance marks the beginning of a project in partnership with a Big4 Professional Services firm and their esteemed end customer, a globally renowned major banking group. The two companies are also exploring the possibility of a potential merger. The initial contract would require Hub Security to provide $3.5 million in financing and is anticipated to contribute over $10 million to Hub Securitys revenue in the fiscal year 2024.
PartnersInvestment
growth-positive
Hub Security Announces New CFO, a Key Appointment in Its Leadership Team
HUB Cyber Security Ltd has announced the appointment of Kobi Levi as its new Chief Financial Officer (CFO). Levi, a finance executive with over 20 years of experience, has previously worked with tech companies such as Apple, Netflix, and Amazon. He has also served as the CFO of Dori Media Group Ltd., where he managed financial planning and analysis, led M&A transactions, fundraising efforts, and globalization procedures. Levis appointment is expected to strengthen Hub Securitys leadership team and contribute to its continued success.
Management Changes
growth-positive
HUB Cyber Security Signs an LOI to Acquire a Strategic Product Developer Cyber Security Company
HUB Cyber Security Ltd. has announced a strategic alliance with a company specializing in the automation of cyber risk detection and responses. The partnership is expected to boost HUBs revenue and add multiple top-tier clients to its portfolio. The alliance will also enhance HUBs Confidential Computing solutions and Cyber Services, providing intelligent automation for cyber vulnerability management. The potential transaction value represents 20% of HUB Securitys shares. The alliance will significantly increase HUBs capability to map-out organizational Cyber IT networks, detect and assess cyber threats while providing threat management automation across a wide range of cyber attack scenarios.
AcquisitionPartnersExpand
HUB Cyber Security Ltd. Participates in Strengthening
Israel's Digital Defenses Amidst Escalating Cyber Threats
Growth-Positive
HUB Security Appoints Key Executives to Leadership Team
HUB Cyber Security Ltd. has announced the appointment of Noah Hershcoviz as Chief Strategy Officer and a member of the Company’s Board of Directors. Additionally, Shai Schiller will join the strategy team. Both appointments are effective immediately. Hershcoviz has a background in M&A and investment banking, while Schiller has experience in venture capital, company building, and turnarounds. CEO Uzi Moskowitz expressed confidence that their expertise will help propel the company towards its ambitious goals.
Management Changes
growth-positive
Hub Security Provides Company Updates: Strengthening Our Commitment to Excellence
HUB Cyber Security Ltd announces a series of updates and initiatives aimed at enhancing its commitment to innovation, financial stability, and customer-centric state-of-the-art cyber solutions. The company has launched a new line of products for enhanced Zero-Trust security and confidentiality, upgraded its flagship product, the Hub Secure File Vault, and introduced Hub Guard for managing cyber risks. The company is also in advanced discussions with potential clients for new partnerships and deals. Additionally, HUB Security has initiated a comprehensive recovery plan to reestablish its market positioning as leaders in the Confidential Compute arena.
CustomersPartnersManagement ChangesExpand
growth-negative
HUB Security Announces that its Chief Financial Officer Has Stepped Down and Commences Search for Permanent CFO
HUB Security announced that Hugo Goldman has stepped down from his position as Chief Financial Officer. The company is conducting a global search for a new CFO. Lior Davidson will serve as Interim CFO. The company plans to report its first half results and hold a conference call to discuss historical events and future outlook. HUB Security specializes in cybersecurity solutions and services and operates in over 30 countries.
Management Changes
growth-negative
HUB Security Reports Fiscal 2022 Financial Results and Provides Corporate Update
HUB Security, a developer of cybersecurity solutions, has completed an internal investigation into allegations of misappropriation of company funds by a former senior officer. The investigation found that the companys former CEO, Eyal Moshe, had misappropriated approximately $582,000 for personal use. Moshes employment was terminated in July 2023. Despite this, HUB Security reported a revenue of $79.7 million for the fiscal year 2022 and has partnered with Getronics and Virtual I Technologies. The company also announced a backlog of approximately $39 million in customer contracts and an estimated $103 million in pipeline.
Management Changes
growth-negative
HUB Security Receives Nasdaq Notification Regarding Minimum Bid Price Requirement
HUB Security Ltd, a developer of Confidential Computing cybersecurity solutions, received a notification from Nasdaq stating that it is no longer in compliance with the Minimum Bid Price Requirement. The company has been given an initial 180-day period to regain compliance. If it fails to do so, it may be eligible for an additional 180-day compliance period. If compliance is not regained within the given periods, the companys shares will be subject to delisting. The notification does not affect the companys business operations, and it will monitor its share price and consider options to regain compliance.
Public Trading
growth-negative
HUB Security Receives Notice from Nasdaq Related to Delayed Filing of 2022 Annual Report
HUB Cyber Security Ltd has received a notice from Nasdaq stating that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report. The notice does not immediately affect the trading of the companys securities, but the company has 60 days to submit a plan to regain compliance. The companys special committee is investigating unexplained expenses incurred by a former senior officer and requires additional time to file the Annual Report. The company believes that the investigation will not have a material impact on its financial statements. If the company fails to regain compliance, its securities may be delisted from Nasdaq.
Public Trading
growth-positive
Hub Security raises funds despite scandals
Hub Cyber Security has secured a $16 million investment in the form of convertible debt from The Lind Partners. The investment will provide additional resources for the companys growth and development, enhance its financial stability, and support its future plans. Hub Cyber Security offers security solutions for servers and cloud computing. The company was founded in 2017 and completed a merger with a SPAC in 2021 at a valuation of $89 million. In 2022, it merged with another SPAC on Nasdaq at a valuation of $1.28 billion. The investment from The Lind Partners will be issued in three tranches, with immediate access to the first tranche of $4.5 million.
Investment
growth-positive
HUB Security Raises Up to $16 Million in Growth Investment from The Lind Partners
HUB Cyber Security has entered into an agreement for up to $16 million in gross proceeds from Lind Global Asset Management VI LLC. The investment will provide HUB Security with additional resources to fuel its growth and development, enhance its financial stability, and pursue its future plans. The funding will position HUB Security as a leading confidential computing cybersecurity solutions provider in the market. The agreement allows HUB Security to access the funding in three tranches over a two-year period. The first tranche of $4.5 million is immediately available, with the remaining two tranches totaling $11.5 million accessible upon fulfilling certain conditions.
Investment
growth-positive
HUB Security and Getronics announce a €1.3M contract with a multinational company
HUB Security has entered into a global strategic partnership with Getronics to develop a joint cybersecurity platform called GetHUB360. The partnership combines HUB Securitys cyber risk management technology and services with Getronics technology solutions. GetHUB360 is a subscription-based cybersecurity framework that allows customers to monitor and analyze digital infrastructure, test resilience, manage vulnerabilities, and respond to incidents. The partnership has already successfully mitigated a cybersecurity incident. The agreement is valued at €1.3M+ and spans 3 years. The partnership aims to improve cybersecurity posture and protect against evolving threats.
Partners
growth-negative
HUB Security suspects former CEO of embezzlement
HUB Cyber Security is investigating allegations of embezzlement by its founder and former CEO. The company has hired a private investigator to examine the expenses made in recent years. HUB Cyber Security had recently delisted from Nasdaq and is facing difficulties in completing its fund raise. The companys market cap has decreased since delisting. Management changes occurred before the investigation was initiated.
Management Changes
growth-positive
HUB Security Appoints Ilan Flato, President and CEO of the Israeli Association of Publicly Traded Companies and Former Economic Advisor to the Prime Minister of Israel, to its Board of Directors
HUB Cyber Security Ltd has appointed Ilan Flato to its Board of Directors. Flato is the president and CEO of the Israeli Association of Publicly Traded Companies and a former economic advisor to the Prime Minister of Israel. His extensive experience and expertise are expected to contribute to the companys goals and objectives. HUB Security specializes in cybersecurity solutions and services, particularly in the field of zero-trust confidential computing. The company aims to protect sensitive commercial and government information and prevent data theft. HUB Security operates globally and provides innovative cybersecurity computing appliances and services. The appointment of Ilan Flato is a growth-positive move for the company.
Management Changes
growth-positive
HUB Security Announces the Appointment of David Riker as Global Chief Operating Officer
HUB Cyber Security Ltd has appointed David Riker as its Global Chief Operating Officer. Riker will lead efforts to scale the companys global business operations and go-to-market strategies, aligning the companys two business units, Confidential Computing and Professional Services. Riker brings decades of experience in driving enterprise growth and has a proven track record of developing long-term relationships with government agencies, Fortune 500 enterprises, global banks, and insurance companies. His appointment is expected to drive the next chapter of HUB Securitys growth.
Management ChangesExpand
growth-positive
HUB Security Announces the Appointment of David Riker as Global Chief Operating Officer
HUB Cyber Security has appointed David Riker as its Global Chief Operating Officer to drive enterprise growth and go-to-market success. Riker will lead efforts to scale the companys global business operations and align its two business units. He brings decades of experience in technology and risk management companies and has a proven track record in developing long-term relationships with government agencies and Fortune 500 enterprises. HUB Cyber Security specializes in Confidential Computing cybersecurity solutions and services and operates in over 30 countries. The company aims to make the world a safer place and expand its impact globally.
Management Changes
Growth-Positive
HUB Security to Hold Investor Event to Present Updates on Progress and Strategic Plans
HUB Cyber Security Ltd is hosting an online investor event to update existing and potential investors on the companys progress, new developments, vision, and strategic plans. The event will be led by HUB Securitys CEO, Mr. Uzi Moscovici, and other members of the companys management. HUB Security, established in 2017, specializes in unique cybersecurity solutions protecting sensitive commercial and government information. The company operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.
Management Changes
Growth-Positive
HUB To Host Investor Event on March 28, 2023
HUB Cyber Security Ltd, a developer of Confidential Computing cybersecurity solutions and services, announced it will host an online investor event on March 28, 2023. The event will be led by HUB CEO Mr. Uzi Moskovich and other members of the Companys management. The purpose of the event is to update existing and potential investors on the Companys progress, new developments, vision, and strategic plans. HUB Cyber Security Ltd was established in 2017 and specializes in unique Cyber Security solutions protecting sensitive commercial and government information.
Management Changes
Former Deputy Secretary at Department of Defense, John C. Rogers, Joins HUB Security Advisory Board
Growth-Positive
A-Labs Reaffirms $20 million PIPE Investment in HUB at $10 per share
HUB Cyber Security Ltd, a developer of cybersecurity solutions, has announced that Israeli investment bank A-Labs Advisory & Finance Ltd has reaffirmed its commitment to invest $20 million in HUB as an equity PIPE investment at $10 per share. This commitment represents a significant premium to the current market price. A-Labs has already fulfilled more than 10% (~$2.2 million) of its commitment and expects to complete the remainder of the funding in the near future.
Investment
Growth-Positive
A-Labs Reaffirms $20 million PIPE Investment in HUB at $10 per share
HUB Cyber Security Ltd has announced that Israeli investment bank A-Labs Advisory & Finance Ltd has reaffirmed its commitment to invest $20 million in HUB as an equity PIPE investment at $10 per share. This commitment represents a significant premium to the current market price. A-Labs has already fulfilled more than 10% (~$2.2 million) of its commitment and expects to complete the remainder of the funding in the near future. The investment supports HUBs future growth plans.
Investment
growth-positive
HUB Security Receives Four Million USD From PIPE Investors at 10USD Per Share
HUB Cyber Security Ltd has announced a private placement of approximately 400,000 shares to two of the original PIPE investors, raising proceeds of approximately $4 million. The remaining PIPE funds are still being negotiated with investors. HUB Cyber Security specializes in unique cybersecurity solutions and services, operating in over 30 countries. The company aims to prevent hostile intrusions at the hardware level and offers data theft prevention solutions. The announcement is a growth-positive development for the company.
Investment
growth-positive
CORRECTING AND REPLACING: HUB Security Launches a Confidential Computing Cyber Solution for the Insurance Industry
HUB Cyber Security Ltd has announced a partnership with Zurich-based Virtual I Technologies to launch a cyber risk management solution for the insurance industry. The solution aims to help insurance carriers and reinsurers evaluate, price, and underwrite cyber insurance policies more effectively. The technology provides a secure file vault that reduces the chances of cyber attacks and minimizes potential damage due to lost or corrupted data. This could make cyber insurance more affordable and redefine the addressable market potential. The solution comes at a time when ransomware attacks are increasing, with 603 million attacks reported in 2022.
PartnersExpand
growth-positive
HUB SECURITY ANNOUNCES UNIQUE PUBLIC CLOUD SECURITY AND DATA PRIVACY SOLUTION FOR GOOGLE CLOUD
HUB Cyber Security Ltd has announced a unique cybersecurity solution for Google Cloud. The solution leverages HUB’s core technologies and aims to provide protection for data at rest, in transit, and in use. The solution is designed to compensate for inherent cloud weaknesses with a secure environment for the creation and distribution of keys. The solution is aimed at both small and large organizations in heavily regulated industries such as finance, insurance, and healthcare. HUB Cyber Security Ltd was established in 2017 and specializes in unique Cyber Security solutions protecting sensitive commercial and government information.
CustomersPartners
growth-positive
Hub Security Announced the Fulfillment of All Conditions Precedent for the Upcoming $1.28 Billion Merger Transaction
HUB Cyber Security (Israel) Limited has fulfilled all conditions precedent for its merger with the Nasdaq-listed SPAC Mount Rainier. The completion of the merger transaction is subject only to the absence of a legal impediment and the beginning of trading on Nasdaq. HUB Cyber Security specializes in unique cybersecurity solutions and services, operating in over 30 countries. The merger with Mount Rainier Acquisition Corp. is expected to have a growth-positive impact on the company. The article discusses the merger, the background of HUB Cyber Security, and includes forward-looking statements regarding the proposed transaction.
AcquisitionPublic Trading
growth-positive
HUB Cyber Security and Mount Rainier Announce Registration Statement Effectiveness and Special Meeting Date to Approve Business Combination
HUB Cyber Security, an Israeli cybersecurity solutions and services provider, has announced its business combination with Mount Rainier Acquisition Corp. The transaction, valued at approximately $1.28 billion, has been approved by the U.S. Securities and Exchange Commission and is expected to close in January 2023. The deal will provide up to $225 million in gross proceeds, including $175 million of cash held in trust by Mount Rainier and a $50 million fully committed ordinary share PIPE led by A-Labs Advisory & Finance Ltd. The combined company will be listed on Nasdaq.
AcquisitionPublic TradingExpand
growth-positive
HUB Security Shareholders Approve $1.28B Nasdaq SPAC Merger
HUB Cyber Security (Israel) Limited has announced that its shareholders and optionholders have voted to approve the previously announced SPAC merger with Mount Rainier Acquisition Corp and delisting from the Tel Aviv Stock Exchange. The approval was unanimous, with 100% of the votes cast in favor of the merger and delisting. Additional approvals are still required before the merger can take place, including from the Israeli court, the RNER stockholders, and the U.S. Securities and Exchange Commission.
Public TradingAcquired-by
Growth-Positive
HUB Security Wins NIS 4.2 million Tender from Israeli Department of Defense
HUB Cyber Security (Israel) Limited is making progress towards its NASDAQ listing, expected to be completed by the end of 2022. The company has won a tender contract with the Israeli Department of Defense, worth NIS 4.2 million over the next three years. Additionally, HUB has received its first orders to deploy its Confidential Computing solutions for a Swiss corporation, expected to amount to USD 18 million over three years.
Public TradingCustomersPartners
growth-positive
HUB Files draft prospectus F-4 to the SEC for the upcoming $1.28 billion SPAC Merger and listing of the company's shares for trading on Nasdaq
HUB Cyber Security (Israel) Limited has filed a non-confidential draft registration statement on Form F-4 for the purpose of completing a merger with a SPAC and offering the companys securities to the shareholders of the SPAC. The companys shares are expected to be traded on Nasdaq after the completion of the merger. The projected gross proceeds received by the company will be a minimum of $50 million, with a potential of up to approximately $225 million. HUB Cyber Security specializes in cybersecurity solutions and services and operates in over 30 countries. Mount Rainier Acquisition Corp. is the blank check company sponsoring the merger.
Public Trading
growth-positive
HUB Security seeks to delist from TASE after SPAC merger
Israeli cybersecurity firm HUB Security is seeking shareholder approval to delist from the Tel Aviv Stock Exchange (TASE) ahead of its SPAC merger. The merger with Mount Rainier Acquisition Corp., a Nasdaq-traded special purpose acquisition company (SPAC), is expected to be completed next month. The merger will provide HUB with $172 million in additional cash and a company valuation of $1.28 billion. HUB has also entered into subscription agreements with Israeli and American institutional investors for $50 million in PIPE funding.
Public TradingInvestment
growth-positive
HUB Security Announces Measures to Advance its $1.28 billion Merger with SPAC
HUB Cyber Security (Israel) Limited is set to merge with NASDAQ listed SPAC Mount Rainier Inc. The merger is progressing as planned and to ensure its success, company executives and board members have decided to waive their right to shares incentives guaranteed to them as part of the merger agreement. This move is intended to prevent any potential legal issues that could jeopardize the vote on the merger deal. The company is confident that this amendment to the merger agreement will strengthen the path to completing the merger as planned.
Public TradingAcquisition
growth-positive
HUB Security announces an NIS 17M PIPE close at NIS 6 per share and an update on the upcoming NASDAQ SPAC merger
HUB Cyber Security announces the closing of a PIPE round and provides an update on its expected SPAC merger with Mount Rainier Acquisition Corp. The PIPE placement raised NIS 17m ($5M) and the merger transaction is proceeding as planned at a price of $10 per share. The company specializes in Confidential Computing cybersecurity solutions and services and operates in over 30 countries. The merger transaction is subject to various conditions and approvals. HUB intends to file a registration statement with the SEC for the proposed transaction. Investors and security holders are advised to read the relevant documents for important information.
InvestmentPublic Trading
https://www.prnewswire.com/il/news-releases/hub-security-developer-of-confidential-com[]bination-with-mount-rainier-acquisition-corp-301508819.html
growth-positive
Israeli cybersecurity startup HUB Security merging with SPAC at $1.28 billion valuation CTech
HUB Cyber Security, an Israeli cybersecurity firm, has announced a merger with Mount Rainier Acquisition Corp., a Nasdaq traded SPAC. The merged entity will operate as HUB Security and is expected to be listed on Nasdaq under the ticker HUBC. The deal will provide HUB with up to $176 million in additional cash, assuming no redemptions by Mount Rainiers public stockholders. HUB has also entered into Subscription Agreements with Israeli and American institutional investors for gross proceeds of approximately $50 million.
Acquired-byInvestmentPublic Trading
growth-positive
HUB Cyber Security Ltd, a Developer of Confidential Computing Cybersecurity Solutions and Services, Successfully Closes Its Business Combination with Mount Rainier Acquisition Corp.
HUB Cyber Security Ltd. and Mount Rainier Acquisition Corp. have completed their previously announced business combination and will begin trading on the Nasdaq Stock Market on March 1, 2023. The combined company will operate as Hub Cyber Security Ltd. This move follows HUBs delisting from the Tel Aviv Stock Exchange. The company believes this step will support their initiatives to capitalize on the growing market for efficient and effective cybersecurity solutions. The access to larger capital markets is expected to enable HUB to accelerate its growth plans in technology development and customer adoption.
Public TradingAcquisition
growth-positive
האב סקיוריטי גייסה 47 מיליון ממוסדיים
האב סקיוריטי, an Israeli cybersecurity company, has raised approximately 47 million shekels from nine institutional investors from Canada and Israel. The company issued about 9.6 million shares, which represent about 8.2% of the company after the issuance, and about 9.6 million exercisable options that can be exercised within 18 months. If all options are exercised, the company will raise an additional 51 million shekels. The company, which was established in 2017, specializes in protecting sensitive commercial information of companies.
InvestmentPublic Trading
growth-positive
Radiflow and HUB Security announce partnership for Secure ICS OT edge solution
OT Cyber Security company Radiflow and HUB Security have announced a partnership to offer Radiflows OT ICS intrusion detection software on HUB Securitys confidential computing platform for critical industrial environments. The partnership aims to protect sensitive IDS data at all stages of the data life-cycle and narrow the surface attack on both the OT network and the security mechanisms being used. Radiflow works with Managed Security Service Providers to manage digital assets, while HUB Security specializes in cybersecurity solutions protecting sensitive commercial and government information.
Partners
Growth-Positive
Office Tour: HUB Security Offices - Tel Aviv
Switchup, a design company, was tasked with creating a welcoming and homely environment for the offices of Hub Security, a cyber-security company based in Tel Aviv, Israel. The design incorporates modern and progressive elements, balancing pastel colors with dark, industrial details. The office space includes small nooks and alcoves, an open and centralized kitchen, and a smaller break area with a sink and coffee station. The design also includes a relaxing indoor oasis with lawn furniture and a bamboo swing chair.
Expand
growth-positive
HUB Security agrees Nasdaq SPAC merger
Israeli cybersecurity company HUB Security has signed a memorandum of understanding to merge with an unnamed special purpose acquisition company (SPAC) traded on Nasdaq. The SPAC has already raised $150 million from its shareholders. The deal will see the SPAC raise additional funds through private investment public equity (PIPE). HUB Securitys shareholders will hold between 75%-90% of the merged company, depending on the final valuation and the amount of PIPE money raised. If the net cash amount of the merged company is less than $100 million, HUB Security can cancel the deal.
Acquired-byPublic Trading
growth-positive
HUB Security to provide the Israeli Ministry of Defense with new quantum security solution
HUB Security is partnering with QuantLR to develop a quantum security solution for the Israeli Ministry of Defense. The solution will provide user identification capabilities and encryption of sensitive information in a cloud environment. This breakthrough in the cybersecurity field will enable companies to work with highly classified information in cloud environments with confidence. HUB Security specializes in unique cybersecurity solutions and operates in over 30 countries.
PartnersCustomers
growth-positive
Major European Banks Invest In DDoS Attack Simulation Platform From HUB Security
HUB Security announced its 2021 sales summary for its D.Storm product, generating approximately €1 Million in revenue. D.Storm is a cybersecurity SaaS platform for simulating DDoS attacks. The strong sales indicate companies seriousness in upgrading their cybersecurity programs. HUB Security is in advanced negotiations for additional sales in Israel and abroad, with three global banks in proof-of-concept discussions. The company estimates finalizing contracts worth millions of Euros in 2022. D.Storm helps identify vulnerabilities and exploits in an organizations infrastructure by replicating real-world attack methods. The platform collects data from bot attacks for analysis, allowing customers to minimize their attack surface. HUB Security expects the solutions sales to have a material effect on its activities in 2022.
CustomersInvestment
growth-positive
האב סקיוריטי מכרה פלטפורמת הדמיית DDoS ל-3 בנקים מרכזיים באירופה -
Israeli cybersecurity company, HUB Security, has announced the successful sale of its unique SaaS platform product, StormD, which simulates DDoS attacks. The system was developed after years of risk assessment and attack pattern analysis for its global customers. The company has sold the system to several leading customers in Israel and three major banks in Europe, accumulating a financial volume of about a million. The company is also in advanced negotiations to sell the system to additional customers in Israel and abroad, including advanced POC processes with three additional global banks. The company estimates that the sales of the system will have a significant impact on its operations in 2022.
Customers
growth-positive
HUB Security acquires cybersecurity company Comsec for over $20 million
HUB Security has announced the acquisition of Comsec Global for NIS 70 million ($21.8 million). The merger is expected to more than double HUBs revenues and expand its global sales and distribution infrastructure to over 40 countries. Comsec, a pioneer in data security, has a customer base of over a thousand leading companies across five continents. HUB Security, founded in 2017, specializes in protecting sensitive commercial information and offers advanced encrypted computing solutions. The merger is seen as a significant development in the cybersecurity market, with HUBs technology being highly sought after by governments and enterprises worldwide.
AcquisitionExpand
growth-positive
Hub Security מדווחת על הזמנה מחברת תקשורת גדולה בארה״ב
Israeli cybersecurity firm HUB Security has received its first order from a US telecommunications company with tens of millions of users. The deal, which is expected to have a significant impact of millions of dollars in license payments during 2022, will see HUB provide a cybersecurity solution to protect the telecom companys artificial intelligence systems. The solution is part of the emerging field of Confidential Computing. The agreement aims to provide the customer with hundreds of kits, each costing $45,000, to develop advanced cybersecurity services for the American company, with a total value of millions of dollars.
CustomersPartners
growth-positive
HUB Security partners with Trilogy Networks to bring a 'Secure Edge' to the Rural Cloud Initiative
Hub Security Ltd. has announced a partnership with Trilogy Networks to join the Rural Cloud Initiative (RCI), a coalition of over 70 network, technology and applications providers committed to promoting and accelerating the digital transformation of rural America. The partnership aims to secure the networks associated with critical infrastructure in rural America, such as the oil and gas industry, using next-generation applications and services offered by 5G, AI, and the Internet of Things. Hub Security was established in 2017 and specializes in protecting sensitive information. The company recently completed an investment of $50M and became a public traded company on the Tel Stock Exchange through its merger with ALD.
PartnersInvestment
growth-positive
HUB Security Ltd. and Scaleout announce partnership for Secure Federated AI
Hub Security has formed a partnership with Scaleout to provide a secure decentralized artificial intelligence solution. The partnership aims to benefit companies responsible for critical infrastructure, healthcare, banking, and governments. Hub Security specializes in protecting sensitive commercial information and recently completed a $50M investment. They also became a publicly traded company through a merger with ALD. Scaleout develops solutions in machine learning and distributed systems. The partnership will allow Hub Security to protect clients sensitive information and address privacy concerns within and across clients.
Partners
growth-positive
ALD raises $50m to support HUB Security merger
ALD Advanced Logistics Development Ltd. has raised $50 million to support its merger with cybersecurity company HUB Security. The merger values HUB Security at $146 million. After the merger, HUBs shareholders will hold 51% of the merged company, which will be called HUB Security Ltd. Eyal Moshe, HUBs current CEO, will become the CEO of the merged company. ALD sees the potential in HUB Security and its well-developed customer base for future growth in the cybersecurity market. HUB Security specializes in cybersecurity technology that protects sensitive data for companies and organizations.
AcquisitionInvestment
growth-positive
הכירו את חברת הסייבר החדשה שנכנסת לבורסה בת"א
Shareholders of ALD are set to approve a merger with cybersecurity firm HUB Security on April 18th. The merger, which is valued at an estimated $105 million before cash and $145 million after institutional fundraising, will also involve the appointment of a new CEO from HUB and changes to the board of directors. Following the merger, HUB investors will hold 51% of ALD shares. The merger is expected to boost the salaries of senior executives from both companies.
AcquisitionManagement ChangesInvestment
growth-positive
HUB Security to list on TASE through ALD merger
Israeli cybersecurity company HUB Security is set to list on the Tel Aviv Stock Exchange through a merger with Advanced Logistics Development (ALD). The merger is valued at $105 million pre-money and $145 million post-money. Institutional investors will contribute $40 million, and $10 million in shares will be purchased from ALDs current controlling shareholder. After the merger, HUBs investors will hold a 51% stake in ALD. The merger is expected to be completed by the end of May. HUB Security offers advanced encrypted computer solutions for enterprises. ALDs share price rose 20% following the announcement of the merger. HUB Security has raised $5 million from AXA Ventures and OurCrowd.
AcquisitionInvestmentPublic Trading
growth-positive
Hub Security to provide INX Limited with Military-grade Cybersecurity for Digital Assets
Hub Security announces the use of its military-grade VaultHSM to secure INX Limiteds crypto services. Hub Securitys HSMs offer high-performance military-grade key management and cryptographic solutions. The partnership with INX Limited is the first of many in helping financial institutions and private investors secure their digital tokens and assets. Hub Security is a top-tier provider of programmable HSM and key management solutions for fintech, cloud, and blockchain security.
PartnersPublic Trading
The 20 Best Cybersecurity Startups To Watch In 2020
growth-positive
Hub Security raises $5M Series A for its cryptography platform
Tel Aviv-based startup Hub Security has raised a $5 million Series A round led by AXA Ventures. The company plans to use the investment to expand its team and technology offerings. Hub Security develops a software and hardware platform for cryptographic operations, including a Hardware Security Module (HSM) and a mini-HSM. It also offers software tools for managing signing and authorization workflows, as well as a machine learning-based tool for anticipating cyberattacks. The companys focus is on working with fintech and cloud companies, and it has a strategic partnership with Seagate Technologys Lyve Labs. The investment and partnership were made during Israels COVID-19 lockdown.
InvestmentExpand
HUB Cyber Security Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 119 |
| Team members | 5 |
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HUB Cyber Security Internal
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Admin Info
| Confidence | 102/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515761831 |
| Crunchbase | hub-security |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2024-07-03T00:00:00.000Z |
| Created | 2018-07-02T00:00:00.000Z |
| Status detail | Public on TASE on Jun, 2021;Public on NASDAQ on Mar, 2023; |