Israeli cybersecurity startup NanoLock Security has collapsed and is seeking court-appointed trusteeship due to insolvency, halting operations and laying off its entire workforce of 26 employees. The company, which specialized in protecting industrial controllers for sectors like energy and manufacturing, cited severe financial strain exacerbated by the war and a cash flow crisis as primary reasons for its failure. Founded in 2017 and backed by $27 million in funding, NanoLock filed the request in early February 2025, listing debts of about $1.97 million plus an additional $2.5 million owed to shareholders.
