Cyberbit, a cybersecurity company that trains security teams to defend against cyberattacks, is shutting down its operations in Israel and has laid off all local employees, ynet's sister publication Calcalist has learned.
It is unclear how many people worked at the Israeli site before the cuts, but estimates suggest that several dozen employees were affected.
(Photo: Cyberbit website)
Cyberbit was founded as a spin-off from Elbit Systems to improve the readiness of cyber teams against advanced threats. In 2020, U.S. investment fund Charlesbank Technology Opportunities Fund, managed by Charlesbank Capital Partners, invested about $70 million in the company. About $48 million was used to acquire part of Elbit Systems' stake, while roughly $22 million was invested directly into Cyberbit. Elbit sold its remaining holdings in 2023.
At the time of that sale, Cyberbit employed about 150 people worldwide, including staff in Israel, Europe, the United States and Asia. Today, the company employs several hundred people globally, with most of its operations concentrated in the United States.
Since the sale, Cyberbit has operated as a fully independent company and has positioned itself as one of the global leaders in the Cyber Range sector — advanced simulation and training environments for cyber defense teams — as well as in operational readiness for security operations centers.
Recently, the company carried out a significant acquisition that expanded its workforce. A substantial portion of its headcount growth, particularly in the United States and Europe, came following the acquisition of RangeForce in September 2025, which merged the two companies’ employee base under a single brand.