Israeli Cyber Firm Axonius to Lay Off 9% of Staff Amid AI Transition
Translated & summarized from Ice by baba
Israeli cybersecurity company Axonius is laying off approximately 9% of its staff, impacting 66 employees out of 722, primarily in Israel. The company attributes the layoffs to a transition to AI-driven work methods requiring fewer personnel. Founded in 2017 by Unit 8200 veterans, Axonius specializes in digital asset management and security and achieved unicorn status in 2021.
The story in 5 lines · by baba
- Israeli cyber firm Axonius is laying off 66 employees, about 9% of its workforce.
- The layoffs are primarily affecting employees at the company's development center in Israel.
- Axonius cites a transition to AI-driven work methods as the reason for the staff reductions.
- The company was founded in 2017 by veterans of the elite Unit 8200.
- Axonius achieved unicorn status in 2021 after raising $100 million.
Israeli cybersecurity firm Axonius announced on Monday that it will lay off approximately 9% of its workforce, affecting around 66 employees out of a total of 722. The majority of the affected employees are based in Israel. The company stated that this move is part of a strategic shift towards new, AI-driven work methods that require less human labor, impacting its development center in Israel where about 46 out of 207 employees were called for a hearing.
Axonius, founded in 2017 by three veterans of the elite Unit 8200, specializes in managing and securing digital assets for organizations. Its platform provides a comprehensive view of devices, users, software, and services connected to a corporate network, enabling the identification of security risks, analysis of gaps, and automated enforcement of cyber policies.
The company has a history of significant funding rounds, achieving unicorn status in March 2021 after raising $100 million at a valuation exceeding $1 billion. Its most recent funding round in March 2022 secured $200 million at a $2.6 billion valuation.
Axonius was recognized early on, named one of Globes's ten most promising startups in 2020. The company also collaborated with Olympic champion Simone Biles in a campaign that included video series and an appearance at the RSA conference in San Francisco.
Mentioned
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Other 2
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
