Anodot laying off 20% of team in second round of layoffs
Anodot laying off 20% of team in second round of layoffs
The Israeli business monitoring startup is parting ways with around 15 of 80 employees after firing 35 people last July
Business monitoring company Anodot is laying off 20% of its workforce in its second round of layoffs in the past year, with around 15 of 80 employees to leave the company. The startup parted ways with 35 employees last July, accounting for around 27% of its total workforce at the time.
Anodot, founded in 2014, has raised a total of $62.5 million to date from investors including: Intel Capital, SoftBank Ventures Asia, Samsung NEXT, Redline Capital Management, Aleph Venture Capital, Disruptive Technologies Venture Capital, and La Maison.
Anodot, which leverages unsupervised machine learning to monitor an organization’s business metrics and proactively alert on potential issues, was founded by entrepreneurs David Drai, who serves as the CEO, Ira Cohen and Shay Lang.
"We want to achieve financial independence," said the company's CEO David Drai. "Unfortunately, we are forced to respond responsibly to the situation in the global market by immediately reducing personnel and becoming more efficient. Last year, Anodot made a decision to move to financial independence and profitability, and it is doing so while maintaining the right balance between innovation and sales, without compromising for a moment on the quality of service to our customers. We feel a great responsibility to the employees who are leaving and are doing everything in our power to help them find their next workplace."
