Cyber startup ActiveFence cuts 7% of workforce
The Israeli company is laying off 22 employees as part of a streamlining process.
Israeli cyber firm ActiveFence, which monitors malicious content online, is laying off 22 employees, representing 7% of its workforce, with an estimated half of them in Israel.
ActiveFence's technology identifies and tracks malicious activities online at scale. By scanning in hidden sources of chatter and across the web, the company safeguards against bad actors, the content they share, and the networks they operate, protecting billions of people worldwide from violent extremism, disinformation, child sexual abuse, fraud, and other harms of the internet.
The company said, "Like every other company in the market, ActiveFence is constantly working to streamline and improve its operations. As part of this process, we have made the difficult decision to part ways with a small number of employees. However, the vast majority of the team continues to lead the company forward and fulfill our mission—to make the digital world safer for everyone. ActiveFence continues to grow and recruit employees for various positions around the world."
To date, the company has raised approximately $100 million from, among others, CRV, Highland Europe, Grove Ventures and Norwest Venture Partners.
