ALD raises $50m to support HUB Security merger
HUB specializes in cybersecurity technology that protects sensitive data for companies and organizations through its proprietary advanced cryptography based computation solution.
ALD Advanced Logistics Development Ltd. (TASE: ALD) announced today that it has completed raising $50 million from Israeli and international leading institutional investors to support the company’s recently announced merger with Tel Aviv-based cybersecurity company HUB Security, which has been valued at $146 million.
HUB Security was founded in 2017 by CEO Eyal Moshe and CTO Andrey Laremenko, veterans of the IDF 81 and 8200 Intelligence units. HUB s shareholders include AXA Ventures, and OurCrowd.
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