Following its $120 million acquisition by cybersecurity firm Armis earlier in March 2025, Israeli industrial cybersecurity startup Otorio has laid off 45 employees, representing more than half of its staff. The layoffs, part of a post-acquisition restructuring, affected 25 employees in Israel, with cuts spanning sales, marketing, finance, and HR, while Armis retained 35 development personnel. Otorio, founded in 2018, specialized in securing operational technology for critical sectors like energy and manufacturing. The integration aims to enhance Armis's industrial security offerings as it pursues an aggressive growth strategy ahead of a planned IPO.
