Skybox Security, once a prominent cybersecurity startup, has abruptly shut down, leaving its entire workforce laid off in both Israel and the United States. The closure follows the sale of the company’s business and technology assets to rival Israeli cybersecurity firm Tufin. This unexpected shutdown has affected approximately 300 employees, with 100 based in Israel and 200 in the United States. Skybox’s website was also taken offline, and the company’s CEO, Mordecai Rosen, could not be reached for comment.
Over the years, Skybox raised around $335 million in funding from venture capital and private equity, with the most recent investment coming in February 2023. Despite this financial backing, the company has been unable to continue its operations and is now liquidating its assets. The company’s exit marks a significant shift in the cybersecurity landscape, particularly in the network security policy management sector, where Skybox had been a key player.
Tufin, which specializes in network security policy management, has acquired Skybox’s technology and business assets.
The Israeli firm is positioning itself as a lifeline for Skybox’s customers, ensuring a smooth transition following the shutdown. Tufin CEO Ray Brancato publicly reassured affected clients, emphasizing the company’s financial stability and commitment to assisting with the changeover.
Tufin has introduced a new program called Tufin ExpressPath for Skybox Customers, which provides specialized tools, guidance, and expertise to help organizations secure their networks without disruption. This initiative aims to support former Skybox clients during this uncertain time and ensure that they continue to receive the cybersecurity services they need.
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