Bria.ai lays off 20 employees - a third of its workforce
The Israeli AI company Bria.ai is laying off about 20 employees, a third of its workforce, as part of a reorganization. Research director Ron Mokady has left; CTO Misha Feinstein will remain and lead development. The company has raised about $65 million.
The Israeli AI company Bria.ai is laying off about 20 employees, roughly a third of its approximately 60-person workforce, as part of a reorganization and reduction in operations. As part of the changes, research director Ron Mokady, who reported to CTO Misha Feinstein, has left the company; Feinstein will remain and lead development and research activities. The global model development team has been reduced, and operations will be concentrated in the Israeli team. Bria, founded by Dr. Yair Atzado who serves as CEO, has raised about $65 million to date from venture capital funds including Red Dot Capital, Entrée Capital, GFT Ventures, Intel Capital, In-Venture, and Maor Investment. The company develops a platform for creating and editing images using AI for business use, utilizing licensed image databases and paying copyright holders.