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Israeli Cybersecurity Firm Pentera Cuts 60 Jobs Amid AI-Driven Industry Shift
Israeli cybersecurity firm Pentera is laying off 60 employees amid rapid AI-driven industry changes, cutting 14% of its workforce while shifting to AI-native solutions and continuing to hire AI experts.
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What happened
- 01Pentera is laying off 60 employees, half based in Israel, cutting 14% of its workforce.
- 02The layoffs follow a previous round in April that cut 40 employees, mainly in marketing and admin.
- 03The company is transforming its platform to be AI-native to address rapid AI advancements.
- 04Pentera plans to keep hiring, focusing on candidates with AI expertise.
- 05Pentera serves most Israeli government ministries as an approved cybersecurity supplier.
- 06The company raised $60 million last year, with total funding around $250 million and $100 million in annual recurring revenue.
The company serves Israeli government clients and recently raised significant funding, surpassing $100 million in recurring revenue.
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