BeyondMinds Layoffs
May 2022
BeyondMinds announced a layoff affecting 65 employees (100% of its workforce) in May 2022. The company operates in the Data sector.
65
100%
May 23, 2022
About
BeyondMinds, an Israeli enterprise AI startup, has shut down and laid off all 65 employees after advanced acquisition talks with a tech giant collapsed. The company, which had raised $30 million and specialized in automated machine learning solutions, decided to cease operations due to shifting market conditions that derailed a potential sale. CEO Roey Mechrez confirmed the closure on May 23, 2022, noting that the entire workforce, primarily in R&D along with finance, HR, and sales roles, was affected. This event highlights growing concerns about valuation crises impacting the broader startup ecosystem.
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