Predictive Analytics Company Fifth Dimension Shuts Down
The company, which develops predictive policing and threat assessment technologies for governments and financial institutions, let all employees go and sold its business
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Founded in 2014, Fifth Dimension develops predictive policing and threat assessment technologies for governments and financial institutions. Its artificial intelligence-based system can recognize unusual behaviors and spot suspicious criminal or terrorist activity. The company raised a few tens of millions of dollars since its establishment.
The company, which employed over 100 people at its peak, fired dozens of employees in July “as part of a reorganization process.” In November, Calcalist reported that Fifth Dimension is in early stage talks regarding an acquisition by Israeli spyware firm NSO Group.
Benny Gantz, former chief of staff for the Israeli military (IDF), has been the company’s chairman since September 2015. He did not respond to repeated requests for comment.