Unicorn Lightricks cutting 12% of workforce in second round of layoffs

Unicorn Lightricks cutting 12% of workforce in second round of layoffs. The company is laying off around 70 employees as it shifts its focus to GenAI products for enterprises.

June 2024 in Israeli tech funding: $556 million in 12 deals. Over the first six months of the year, local startups have raised $4.5 billion, a 36% increase compared to the first half of 2023.

Five leading Israeli GenAI startups that raised funding in H1 2024. BRIA, Aim Security, Illumex, Ask-AI, and Prompt Security all raised significant money in the first half of 2024.

AR laptop developer Sightful laying off a third of its employees. After raising over $60 million, and a month after unveiling the Spacetop G1, the Israeli startup is parting ways with 20 of around 60 employees, announcing that it is shifting its focus from hardware distribution to software distribution.

"A startup is like a roller coaster and the trick is to know how to grow from the ride." Shachar Fienblit from VAST Data and Caroline Meidan from BonData spoke at a Growth+ mentoring meeting organized by Calcalist and Poalim Tech about leveraging data and pricing products effectively.