Opora Layoffs

About

Israeli cybersecurity startup Opora Technologies, founded by former Shin Bet director Yuval Diskin, has laid off most of its staff and is nearing a complete shutdown. The company, which employed over 20 people at its peak, has significantly reduced its workforce after its core technology failed to mature into a viable commercial product despite initial customer interest. Facing a challenging global market, Opora is now negotiating to sell its intellectual property. The startup, established in 2020 and spun out from Diskin's earlier venture, had raised approximately $10 million in funding, including a $7 million seed round led by Jerusalem Venture Partners. The layoffs and impending closure were reported in June 2023.

Source

More Security Layoffs