Salto, an Israeli startup backed by Accel, Salesforce, and others, has laid off 30 employees, representing about 50% of its workforce, as part of a major restructuring announced in June 2025. The company, which had raised approximately $70 million, is shifting its focus to the cybersecurity market. While half of the remaining staff will maintain its existing product for configuring business applications, the rest are developing a new cybersecurity offering under a fresh brand. This pivot aims to leverage Salto's core technology to address critical security challenges, signaling a strategic redirection for the firm founded by experienced entrepreneurs Rami Tamir, Benny Schnaider, and Gil Hoffer.
