HUB Cyber Security signs new deal with European corporation

Israel-based HUB Cyber Security has signed a long-term framework agreement with an unnamed European corporation to provide confidential compute hardware solutions.

Founded in 2017, HUB Cyber Security’s platform provides military-grade security to organisations. Its specialty is protecting sensitive commercial information and has developed an advanced encrypted computing solution aimed at preventing hostile intrusions in organisations.

It provides cybersecurity solutions, as well as professional services, including pen-tests, red-teams services, DDoS attack simulations and more.

As Hub Security CEO Eyal Moshe said, “Our Confidential Computing solution has been in many pilots with leading enterprises and governments around the world for over a year. We are now gaining momentum in converting these pilots to actual transactions.”

He added, “The upcoming $1.28bn SPAC merger with Mount Rainier Acquisition Corp will improve our access to the US market and other markets, which is likely to further increase our sales. Our products are unique on the market and allow the customer to operate in the system even during a cyber-attack.”

The company recently signed an agreement with the Mount Rainier Acquisition Corp for a merger expected to execute this year.

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.