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Minimus, a cybersecurity startup started by Twistlock founders, shuts down after failing to gain enough commercial momentum; Minimus raised a $51M seed in 2023 (Meir Orbach/CTech)

The cybersecurity startup failed to gain enough commercial momentum to continue operating. Customers will have 60 days to migrate …

Twistlock founders Meir Orbach, Dima Stopel, and John Morello have announced the shutdown of their latest startup, Minimus, amid a competitive cybersecurity market. The company, which raised $51 million in a 2023 seed round, was unable to gain sufficient commercial traction. Minimus specialized in reducing vulnerabilities in software supply chains by providing stripped-down container images and virtual machines.

Despite having around 60 employees just four months ago, the company is ending operations in a phased manner. Beginning August 24, Minimus will maintain its product and images for 60 days, providing bug fixes, commercial support, and upstream updates. On October 22, the Minimus registry will be permanently shut down. The founders have committed to contacting enterprise customers individually to terminate agreements and arrange refunds where applicable.

This shutdown highlights the challenges faced by experienced cybersecurity entrepreneurs in securing a viable business amidst numerous competing security products.

Written by urgent.news from Techmeme's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at calcalistech.com →

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