Hub Security, a startup that offers military-grade cyber-security solutions for fintech, cloud, blockchain and data storage, announced it has closed a $5 million Series A funding round led by AXA Ventures, with participation from Jerusalem-based OurCrowd.
The company said the investment will be used to strengthen Hub Security’s team, expand its technology and offer enhanced products to fintech companies, focusing on enabling access to credit, corporate banking solutions, cross-border payments and providing ultra-secure banking solutions.
Hub Security offers a solution to growing security concerns related to cloud and enterprise organizations that are raising alarm bells across industries struggling to combat rising levels of cyber threats and attacks. There is consensus among security experts of the need for military-grade security solutions that can address the threat of data theft and exploitation – especially in the era of COVID-19.
“We believe this round of funding is crucial to helping us continue our mission of providing military-grade level cyber-security solutions to top cloud, finance, and digital asset management providers,” said Eyal Moshe, CEO of Tel Aviv, Israel-based Hub Security.
The company said it has an expanding portfolio of fintech, cloud and insurance clientele.
“Hub Security’s end-to-end approach to the development and delivery of its hardware and software components ensures the highest level of security throughout the entire product lifecycle – something that’s critical now more than ever in the era of COVID-19. We don’t take for granted the trust we’ve seen from investors, especially in the current financial climate,” Moshe continued.
As a growing number of industries turn to cloud and data storage solutions, there is an increasing demand for cyber-security solutions that can combat emerging threats, the company said.
Source: Hub Security
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