Dealtale shut down by Vianai one year after being acquired
Dealtale shut down by Vianai one year after being acquired
All 70 employees of the Israeli startup, which was purchased for around $20 million last May, were notified they are being laid off
A little over a year after being acquired by San Francisco-based Vianai Systems, Israeli startup Dealtale is being shut down. The company’s employees were invited to an urgent all-hands meeting on Tuesday in which they were notified that all 70 employees are being laid off, including over 30 based in Israel.
Dealtale was purchased last May, just two years after it was founded, for a sum of a little over $20 million in cash. The company, which had previously raised just $1.7 million, developed a platform to analyze and optimize customer journeys to enhance the capabilities of sales, marketing, and product professionals.
Dealtale was founded by CEO Ariel Geifman, VP R&D Aviran Moshe, CTO Adi Mizrahi, and CFO and COO Nir Goldberg. At the time of the acquisition, Vianai said it intends to expand its local R&D center and hire dozens of additional employees.
Vianai, which has raised $190 million to date, was founded by Vishal Sikka, the former CEO of Infosys and CTO of SAP. The company shifted its business focus over recent months, putting its chips on generative AI. In April, it launched hila, an AI-powered chat assistant for institutional and retail investors, investment banking analysts, and other investment professionals. This also meant that the products Dealtale was working on became more expendable for the company, so much so that Vianai ceased its operations completely.
