Israeli video know-how firm WSC Sports is shedding 10% of its workforce of an estimated 680 staff. The firm, which offers programs for mechanically creating quick spotlight clips of matches, will summon over 60 staff to a listening to, most of them at its growth heart within the One Tower within the Ramat Gan Diamond Exchange district.
During the latest World Cup, WSC offered Israel’s KAN Channel 11 with a system for creating quick spotlight clips of every of the matches, in addition to to different international channels. But the corporate insists there isn’t a connection between the transfer and the top of the event final Sunday, and stresses that this can be a cross-functional transfer that doesn’t concern a selected division or product.
The causes for the layoffs weren’t offered, and the corporate didn’t tackle the impression of AI instruments or the low shekel-dollar alternate fee on the transfer.
“This is a complex and painful but necessary decision, in order to enable the company to continue its growth and investment in the strategic areas to which it is expanding,” the corporate mentioned.
Raised $150 million since its inception
WSC Sports is a veteran Israeli tech firm that final raised capital in 2022, when it accomplished an enormous $100 million financing spherical at an organization valuation estimated at about $700 million by PitchBook.
Among the corporate’s predominant traders: Israeli funds similar to Eyal Ofer’s O.G. Venture Partners, ION and Maor Investments, in addition to international funds together with Claridge, Intel Capital, Crossover Partners and Detroit Venture Partners.
The firm, based by Daniel Shichman, Hy Gal, Shmulik Yoffe and Aviv Arnon, generates tens of millions of {dollars} from the sale of licenses for the primary product it developed: a system that produces computerized abstract highlights of sports activities video games, and its prospects embody networks similar to ESPN, the YouTube TV service and leagues such because the NBA, the Spanish soccer league (La Liga), the American Hockey League (NHL) and the Australian Cricket League. The system not solely shortens matches but in addition permits their distribution to social networks and varied apps, and permits them to provide income from sponsorships and promoting.
In whole, WSC has raised about $150 million since its founding in 2011, and has 680 staff in Ramat Gan, New York, Sydney, Thailand, China and Japan, with 550 of them employed on the headquarters in Israel.
WSC mentioned, “The company values and appreciates the contribution of the employees who have accompanied it along the way, is committed to helping them in their next steps, and will provide them with a broad support package, personal guidance and favorable terms.”
Published by Globes, Israel enterprise news – en.globes.co.il – on July 21, 2026.
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