Hub Security Raises $5M to Bolster Cybersecurity Innovation
Tel Aviv-based Hub Security, a pioneer in cryptographic software and hardware solutions, has successfully closed a $5 million Series A funding round. The investment was led by AXA Ventures, with participation from crowdfunding platform OurCrowd. The capital will fuel the company’s expansion, including team growth and technological advancements.
Cutting-Edge Cryptographic Solutions
Hub Security specializes in Hardware Security Modules (HSMs) and innovative cryptographic tools designed to safeguard sensitive data. Their offerings include:
- FPGA-Based HSMs: Accelerates cryptographic processes while ensuring physical isolation between secure components and external systems.
- Mini-HSM: A compact, tamper-resistant hardware wallet featuring a built-in firewall and EMI shield.
- Software Suite: Tools for streamlined signing and authorization workflows, alongside a machine learning-powered threat detection system to preempt cyberattacks.
Military-Grade Expertise
Founded in 2017 by veterans of Israel’s elite Unit 8200, Hub Security combines military-grade cybersecurity knowledge with commercial adaptability. Co-founder Andrey Iaremenko initially focused on creating cost-effective solutions for securing data in motion, a vision that remains central to the company’s mission.
Evolving Market Focus
While Hub Security initially targeted the blockchain sector, its strategy has since broadened to serve fintech and cloud enterprises. CEO Eyal Moshe explains:
“Our vision hasn’t changed, but our messaging has evolved. We’re now emphasizing value for cloud customers without disrupting their existing setups.”
Strategic Partnerships
The company has forged a collaboration with Seagate’s Lyve Labs, a Tel Aviv-based initiative focused on next-gen data management solutions. Moshe Raines, Partner at OurCrowd, highlighted Hub Security’s unique appeal:
“I sought a ‘software-defined HSM’ platform in Israel for months. Hub Security’s innovative approach made the partnership an easy decision.”
Looking Ahead
With fresh funding and a growing client base, Hub Security is poised to redefine cryptographic security for modern enterprises. Their blend of hardware robustness and AI-driven software positions them as a key player in the global cybersecurity landscape.
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