Former Shin Bet director's cyber startup Opora is shutting down
Former Shin Bet director's cyber startup Opora is shutting down
Opora Technologies, founded by the former head of the Israel Security Agency Yuval Diskin, has laid off most of its employees and is on the verge of a complete closure after raising a total of $10 million since its founding in 2020
Israeli cyber company Opora Technologies, founded by the former head of the Israel Security Agency, also known as Shin Bet, Yuval Diskin, is on the verge of shutting down, Calcalist has learned. The company has already laid off most of its employees and is in negotiations to sell its technology before closing its doors for good.
Opora, which employed over 20 people at its peak, raised a $7 million Seed round led by Jerusalem Venture Partners (JVP) in June 2020, taking its total funding to around $10 million.
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Yuval Diskin (left) Julia Kagan, Erel Margalit, Noam Julles and Shai Gabai.
(Photo: Opora)
“Opora was established in 2020 as a young startup based on strong and ground-breaking cyber technology that generated a lot of interest,” the company said in a statement. “Opora performed first pilots with customers, but the technology did not mature into a commercial product. Since the market is in a global crisis, the company acted responsibly, reducing activity and costs significantly. At the same time, the company is currently examining several offers it received for the purchase of its technology.”
Opora was spun out of DAT (Diskin Advanced Technologies), a company Diskin had set up with partners in 2013.
Opora’s software works outside the networks of a particular organization to detect potential cyberattacks targeting the organization well before they occur. The technology is based on collecting intelligence on potential attackers and their behavioral patterns while they are only in the early stages of preparing their cyberattack.
Opora was founded by Diskin, who served as the president of the company, together with former senior ISA figures Noam Jolles and Tsafrir Kats.
