Tag: hub_security

[Hub Security in PR Newswire] HUB Security and Getronics announce a €1.3M contract with a multinational company

TEL AVIV, Israel, April 25, 2023 /PRNewswire/ — HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services (“HUB Security” or the “Company”), is pleased to announce that it has entered into a global strategic partnership with Getronics, a leading provider of workplace, cloud, IoT, and managed service cybersecurity solutions Read more...

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[Hub Security in PR Newswire] A-Labs reaffirms $20 million PIPE investment in HUB at $10 per share

TEL AVIV, Israel , March 15, 2023 /PRNewswire/ — HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company”), announced today that the Israeli investment bank, A-Labs Advisory & Finance Ltd. (“ALabs”), has reaffirmed its irrevocable commitment to invest $20 million in HUB as an equity PIPE investment at $10 per share, previously made in connection with the Company’s business combination. This commitment represents a significant premium to current market price. Read more...

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[Hub Security in PR Newswire] HUB Security receives four million USD From PIPE investors at 10USD per share

TEL AVIV, Israel, March 14, 2023 /PRNewswire/ — HUB Cyber Security Ltd (NASDAQ: HUBC), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company”), today announced that it had issued and sold approximately 400,000 shares to two of the original PIPE investors at a price per share of $10 for proceeds of approximately $4 million dollars, in a private placement. Read more...

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[Hub Security in News Direct] HUB Security launches a confidential computing cyber solution for the insurance industry

Mountain View, CA | March 09, 2023 09:31 AM Eastern Standard Time HUB Cyber Security Ltd (HUB Cyber Security Ltd (NASDAQ: HUBC), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company”), today announced a unique cyber risk management solution that seeks to allow insurance carriers and reinsurers to effectively evaluate, price and underwrite cyber insurance policies. The solution provides insurers with a secure file vault that greatly reduces the chances of being attacked and minimizes potential damage due to lost or corrupted data. As a result, insurance based on this technology redefines the addressable market potential as it can be much more affordable. Read more...

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