Cyberbit shuts down Israeli operations, lays off local workforce

https://www.calcalistech.com/ctechnews/article/r1wrssfffg

Publish Date: 2026-06-24 08:00:00

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Using an unordered list, summarize the following article with between 4 and 8 key points. Cyberbit, a company that trains cybersecurity teams to defend against cyberattacks, is shutting down its operations in Israel and laying off all local employees, Calcalist has learned. It is unclear exactly how many people were employed at the Israeli site before the layoffs, but the workforce is estimated to have numbered several dozen employees.The company was established as a spin-off from Elbit Systems to improve the readiness of cyber teams to respond to advanced cyber threats. In 2020, the American investment fund Charlesbank Technology Opportunities Fund, managed by Charlesbank Capital Partners, invested approximately $70 million in Cyberbit. Of that amount, about $48 million was used to purchase part of Elbit Systems’ stake in the company, while roughly $22 million was invested directly into Cyberbit.In 2023, Elbit sold its remaining holdings in the company. At the time of the sale, Cyberbit employed around 150 people in Israel, in addition to staff across Europe, the United States, and Asia. Today, the company employs hundreds of people globally, with a significant concentration of employees in the United States.Since becoming fully independent, Cyberbit has established itself as a leading player in the cyber range market, advanced simulation and training environments designed to prepare cybersecurity teams for real-world attacks, as well as in operational readiness solutions for security operations centers.The company recently completed a significant acquisition that expanded its workforce. A substantial portion of its employee growth, particularly in the United States and Europe, came through its acquisition of RangeForce in September 2025, which combined the workforces of both companies under a single brand.