Cybersecurity startup Deep Instinct laying off 15% of team
Cybersecurity startup Deep Instinct laying off 15% of team
The company will be parting ways with 46 of around 300 employees, including 19 in Israel
Israeli cybersecurity startup Deep Instinct is laying off 46 of around 300 employees, accounting for over 15% of the company’s workforce. Deep Instinct will be parting ways with 19 of its 166 employees in Israel, with 27 team members being laid off in its European and U.S. offices. Calcalist has learned that the company has decided that going forward it will no longer recruit employees in Israel, but only in Europe and the U.S.
Deep Instinct raised $62 million from investment giant BlackRock and from Chrysalis of UK-based Jupiter Fund Management in September 2022, taking the company’s total funding to around $300 million.
Deep Instinct also underwent a significant change in its leadership team last September, with Guy Caspi leaving his role as CEO and becoming the company’s Chairman and CPO. Lane Bess, who had previously served as Chairman, took over as CEO.
The Deep Instinct platform can predict, prevent, and analyze cyberattacks at any touchpoint of the organization from the endpoint through to the network. It does so with end-to-end deep learning technology. Deep Instinct was founded in 2015 by Caspi, Dr. Eli David, and Nadav Maman.
