Hub Security raises $5M Series A for its cryptography platform

Hub Security raises $5M Series A for its cryptography platform

4 years ago
Anonymous $pSba0tWIcA

https://techcrunch.com/2020/05/07/hub-security-raises-5m-series-a-for-its-cryptography-platform/

Hub Security, a Tel Aviv-based startup that developed a software and hardware platform for cryptographic operations, today announced that it has raised a $5 million Series A round led by AXA Ventures. Crowdfunding platform OurCrowd also participated in this round. Like most companies at the Series A stage, the company plans to use the investment to expand its team and technology offerings.

On the hardware side, Hub Security is building both a relatively standard Hardware Security Module (HSM), using FPGAs to accelerate various processes and to create a physical separation between the part of the machine that holds the secrets and the outside world.