Predictive Analytics Company Fifth Dimension Shuts Down

Tel Aviv-based predictive analytics company Fifth Dimension Holdings Ltd. has shut down, selling its operations and letting all employees go.

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Former deputy head of the Mossad Ram Ben-Barak, the company’s president for the past two years, confirmed the move to Calcalist Saturday. “The company is pivoting,” he said. “We sold our products, and we did let all employees go, but everything was done in an orderly fashion and without drama. We had problems with investors, and decided to change direction. The employees and suppliers received what they were owed.”

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.