HUB Cyber Security, known simply as HUB, has recently announced the successful acquisition of $8m in financing.
The funding, acquired through a straight debt arrangement, marks a significant milestone in the company’s journey. HUB’s leadership has carefully selected this financing route to enhance working capital, meet creditor obligations, and support the company’s ambitious growth plans.
HUB Cyber Security, established in 2017 by veterans of the Israeli Defense Forces’ elite intelligence units, is at the forefront of the cybersecurity industry. The company offers cutting-edge confidential computing cybersecurity solutions and services. With a focus on protecting sensitive commercial and government information, HUB has introduced advanced encrypted computing solutions designed to prevent hostile hardware-level intrusions. Additionally, the company has developed a range of innovative data theft prevention solutions. Operating in over 30 countries, HUB provides a wide array of cybersecurity computing appliances and services worldwide.
The newly acquired funds will be strategically utilised to fuel HUB’s growth trajectory, enhance working capital, and ensure the company’s commitments to its creditors are met seamlessly. This financing is part of HUB’s ongoing efforts to maintain a robust financial foundation while aggressively pursuing expansion opportunities.
In a move that underscores the company’s commitment to operational excellence and transparency, CEO Noah Hershcoviz highlighted the strategic significance of the financing. “Securing this financing underlines our commitment to growth and financial stability. It enables our strategic initiatives, meets creditor obligations, and reflects our dedication to transparency and accountability. Additionally, we are nearing the completion of our audit process, a crucial step in timely submitting our year-end financial reports, further affirming our commitment to our stakeholders.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
