Predictive Analytics Company Fifth Dimension Lays Off Dozens of Employees
The Tel Aviv-based company develops predictive policing and threat assessment technologies for governments and financial institutions
Tel Aviv-based predictive analytics company Fifth Dimension Holdings Ltd. has recently let go of dozens of employees as part of a reorganization process, the company confirmed in an email Sunday. Founded in 2014, with an additional office in New York, Fifth Dimension develops predictive policing and threat assessment technologies for governments and financial institutions. At its peak, the company had over 100 employees.
Fifth Dimension has raised $50 million to date from investors including Menlo Park, California-based investment firm Columbus Nova Technology Partners and Multinational IT service company UST Global Inc. The company’s board is composed of former Israeli military, police, and intelligence officers including Benny Gantz, former chief of staff for the Israeli military (IDF) and Ram Ben-Barak, former deputy head of the Mossad.
Benny Gantz, executive chairman of Fifth Dimension. Photo: Alex Kolomoisky