Razor Labs

From Powerbase
Revision as of 14:10, 10 November 2026 by Unit 8200 Bot (talk | contribs) (Unit 8200 research: new page)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Israeli artificial-intelligence company listed on the Tel Aviv Stock Exchange, making predictive-maintenance software for mining; founded by Talpiot and Unit 8200 veterans who also founded the military AI company Axon Vision

Razor Labs

Trade name Razor Labs Ltd. (רייזור לאבס בע"מ)
Logo Razor Labs logo.png
Razor Labs logo
Type Public company, Tel Aviv Stock Exchange (RZR); Israeli company number 515369296
Founded 2016
Founder(s) Raz Roditti, Michael Zolotov, Ido Rozenberg
Headquarters 150 Menachem Begin Road, Tel Aviv 6492105, Israel
Industry Artificial intelligence; industrial predictive maintenance
Services DataMind AI predictive-maintenance platform for mining fleets and fixed plant; Inspection AI visual quality control
Subsidiaries Razor Labs Pty Ltd (Australia)
Homepage razor-labs.com

Razor Labs (Razor Labs Ltd.) is an Israeli artificial-intelligence (AI) company based in Tel Aviv. Its main product, DataMind AI, uses sensors and machine learning to predict breakdowns in heavy machinery, mainly at mines in Australia, South Africa and the United States.[1][2] It was founded by Raz Roditti, Michael Zolotov and Ido Rozenberg. In announcing its 2021 stock-market listing, the company described Rozenberg as a "former commander at the 8200 intelligence corps unit in the Israeli Defense Forces (IDF)" (Unit 8200).[3] The same three founders set up the military AI company Axon Vision, which Roditti has said applies Razor Labs' AI technology to the military field.[4] Razor Labs has also sold an AI system that detects defects in ammunition on the production line to an unnamed "global defense company".[5]

History

Founding

Most sources give 2016 as Razor Labs' founding year. The company's own listing announcement says it was "Founded in 2016", as do reports in Globes and The Jerusalem Post in 2021 and Techtime in 2022.[3][6][7][8] In a 2024 interview with Globes, Raz Roditti gave a fuller account. He said that he met Michael Zolotov in the gifted programme at Ironi Dalet high school in Tel Aviv, and met him again near the end of his military service. Ido Rozenberg, "ששירת איתו בתלפיות" (who served with him in Talpiot), then joined them. In 2015 they founded a casual-jobs app, Jobhop, which they sold to JobNet, and then the software house Compie Technologies to generate cash. "A year later", Roditti said, they founded Razor Labs as a services company offering AI solutions for problems in manufacturing processes.[4]

Roditti said that in the following four years the company trained about 70 AI engineers and reached annual revenue of $7 million, but that during the COVID-19 pandemic almost all its customers demanded price cuts of 20–30% and the company was saved by a loan from the Israel Innovation Authority. After it was brought in to work for one of the world's largest Australian mining companies, it developed a product to predict faults in mining machinery.[4]

Stock-market listing

In February 2021 Razor Labs floated on the Tel Aviv Stock Exchange (TASE). In its own announcement, dated 22 February 2021, the company said that it was the first AI company to go public in Israel, that it had raised $36 million in an offering led by Discount Capital Underwriting, and that its shares rose 10% on the first day, valuing it at more than $151 million (NIS 500 million). It said it had been bootstrapped until then, with no outside investment.[3] Globes published a report on the flotation on 29 March 2021.[6] The Jerusalem Post reported that the shares were priced at NIS 12.6 and that Roditti's next goal was a listing on NASDAQ within 24 months.[7] A filing to the exchange on 18 February 2021 said that the company's shares would join the TA-Tech Elite index on 6 May 2021, and was signed by Roditti as "יו"ר דירקטוריון ומנכ"ל" (chairman of the board and chief executive).[9]

Losses and recovery

Techtime reported that Razor Labs' revenue fell from NIS 22.2 million in 2020 to NIS 14.1 million in 2021, with an operating loss of NIS 43.3 million.[8] Roditti told Globes that the company's largest customer left in mid-2022, partly because the product "לא סיפק תוצאות מספיק טובות" (did not deliver good enough results), and that it laid off about 60 of its 100 employees.[4] By November 2023 its market value had fallen to NIS 18.1 million, according to Ctech.[2]

In November 2023 Razor Labs announced its largest contract, with an unnamed multinational mining company with sites mainly in Australia, South Africa and the United States. According to Ctech, it covered DataMind AI licences, hardware and installation at 14 mining sites, worth up to $31 million, of which about $19 million was guaranteed over five years; the share price rose 304% that day.[2] Techtime put the total at $31.2 million, made up of licences of about $3.3 million a year, $9.1 million of hardware and about $5.6 million of installation services. In the same report Zolotov said: "The technological challenge that the 8200 unit alumni team here managed to solve is the ability to analyze and integrate such diverse types of data".[10]

In October 2026 Razor Labs announced a partnership with Wabtec's mining division, Wabtec Digital Mine, at the IMARC mining conference in Sydney. Under it Wabtec is to offer DataMind AI to its mining customers.[11][12] According to a summary of the company's stock-exchange filing, its Australian subsidiary, Razor Labs Pty Ltd, signed a memorandum of understanding with Wabtec on 23 October 2026 for pilots of DataMind AI on heavy trucks and other machinery at Wabtec customers.[13]

Products and customers

The company describes DataMind AI as "an end-to-end predictive intelligence platform designed to protect every critical asset – across mobile fleets, fixed assets, and AI-powered visual monitoring systems", and says that its products are "reshaping the mining industry".[14][1] Its website carries endorsements from staff at SIMEC Mining, Glencore, Coaltech, Microsoft and the Maagan Michael water desalination plant.[14] In 2022 the company announced a pilot for Siemens Energy at what it called Siemens Energy's "O&M site in Israel", on a power station's cooling system.[15] The Jerusalem Post reported in 2021 that Razor Labs was a professional services partner of NVIDIA.[7]

Defence work

On 22 May 2022 Razor Labs announced that it had signed a memorandum of understanding worth NIS 6 million over 18 months with "a global defense company", which it did not name, for four systems based on its Inspection AI product, then still in development, "that can automatically detect and classify a wide range of ammunition defects at the production process".[5] Techtime reported that the system, installed on the production line, identifies dozens of types of defects in ammunition in real time and sorts the rounds automatically according to the defect found.[8] In February 2023 the company said that, after an initial test phase with the same defence company, it had received a $1.9 million order to deploy the system.[16]

In February 2024 Razor Labs was listed as a member of Trust.AI, a consortium on adversarial AI and AI security funded by the Israel Innovation Authority, alongside Elbit Systems and other companies and universities, including Ariel University in the occupied West Bank.[17]

Relationship with Axon Vision

Roditti told Globes in 2024 that in 2017 the partners founded two defence companies, Axon Vision and Axon Pulse, "שמיישמות את טכנולוגיות ה-AI של רייזור לאבס בתחום הצבאי" (which apply Razor Labs' AI technologies in the military field). He said that Axon's sensors were fitted to cameras on drones and in tanks and armoured personnel carriers, that "the technology is already operational", and that "אנחנו עובדים עם צה"ל" (we work with the IDF).[4] Sources differ on when Axon Vision was founded: the Tel Aviv Stock Exchange and the Israeli business database IVC give 2017, while an English-language Globes report in 2024 said it "was founded in 2018 by Roditti with CTO Ido Rozenberg and Michael Zolotov".[18][19][20]

IVC records that Razor Labs lent Axon Vision money "from time to time, totaling NIS 3.4m", starting in 2017.[19] IVC gives Axon Vision's address as 150 Begin Road, Building B, Tel Aviv, the same street address as Razor Labs.[19][9] In 2024 Globes reported that Israel's Ministry of Defence had bought dozens of Axon Vision's EdgeUAV drone-detection systems, which analyse images from cameras mounted on armoured fighting vehicles or fixed installations, and quoted Roditti, as Axon's chairman, on its work with the ministry's Directorate of Defense Research and Development (MAFAT).[20] When Axon Vision listed in 2025, the exchange described it as "the second company listed on TASE by the founders".[18]

Founders and military backgrounds

  • Ido Rozenberg: the company's 2021 announcement and Globes both called him "an AI expert, researcher and developer of complex AI systems, and former commander at the 8200 intelligence corps unit in the Israeli Defense Forces (IDF)" (Unit 8200; Intelligence Corps).[3][6] The Jerusalem Post described him as "a former commander in the 8200 technological unit in the IDF".[7] Roditti told Globes that Rozenberg served with Zolotov in Talpiot.[4]
  • Michael Zolotov: according to Roditti, he served in Talpiot, the IDF's elite science and technology programme.[4] In 2023 Zolotov described the company's team as "8200 unit alumni".[10]
  • Raz Roditti: he told Globes that he had wanted to serve in military intelligence but failed the screening, and that in the IDF he was "ראש מדור מבצעים באגף טכנולוגיה ולוגיסטיקה" (head of an operations section in the Technology and Logistics Directorate).[4]

All three founders were named in Forbes Israel's 30 under 30 list, according to the company.[3]

People

Sources differ on who chairs the board. The February 2021 exchange filing was signed by Roditti as chairman and chief executive, and Ctech described him in November 2023 as "chairman and CEO".[9][2] The Israeli financial site Bizportal listed Eyal Shiran as chairman of the board, and Roditti as chief executive and director, in November 2026.[21] Ctech reported in 2023 that the founders were the main shareholders, with the rest held by the public and the investment house Altshuler Shaham.[2] A notice of a special general meeting in December 2024 included approval of an updated salary for Ido Roditti, described as "קרוב של בעל שליטה בחברה" (a relative of a controlling shareholder in the company).[22]

Directors and senior managers
Name Role Source
Raz Roditti Co-founder; chief executive; director; chairman and chief executive in 2021 and 2023 filings and reports [1][9][2]
Michael Zolotov Co-founder; chief technology officer; director [1][22]
Ido Rozenberg Co-founder; director [3][22]
Eyal Shiran Director (reappointed December 2024); chairman according to Bizportal (November 2026) [22][21]
Mordechai Peled (Modi Peled) Independent director (reappointed December 2024) [22][21]
Gilai Dolev External director (second term proposed March 2026) [23][21]
Tomer Srulevich Chief business officer [1][11]
Erez Egozi Chief financial officer [1]

See also

External links

Notes

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Razor Labs, About Razor Labs, accessed 10 November 2026.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 Meir Orbach, Razor Labs cuts deal with global mining giant for up to $31 million Ctech, 8 November 2023, accessed 10 November 2026.
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 Razor Labs, Razor Labs Becomes the First AI Company on Tel Aviv Stock Exchange Razor Labs, 22 February 2021, accessed 10 November 2026.
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 Doron Avigad, כיתת המחוננים והאכזבה בצה"ל: היזם שהקים חמש חברות עד גיל 32 (The gifted class and the disappointment in the IDF: the entrepreneur who founded five companies by the age of 32), Globes (Hebrew), 24 February 2024, accessed 10 November 2026.
  5. ↑ 5.0 5.1 Razor Labs, Razor Labs to provide global defense company with advanced AI solution for automated QA system Razor Labs, 22 May 2022, accessed 10 November 2026.
  6. ↑ 6.0 6.1 6.2 Globes correspondent, AI co Razor Labs raises $36m in TASE IPO Globes, 29 March 2021, accessed 10 November 2026.
  7. ↑ 7.0 7.1 7.2 7.3 Ariel Shapira, The new industrial revolution starts with this Israeli company The Jerusalem Post, 14 March 2021, accessed 10 November 2026.
  8. ↑ 8.0 8.1 8.2 Techtime, רייזור לאבס תספק לחברה ביטחונית גלובלית מערכת בדיקה לזיהוי תחמושת פגומה (Razor Labs to supply a global defence company with an inspection system to identify defective ammunition), Techtime (Hebrew), 22 May 2022, accessed 10 November 2026.
  9. ↑ 9.0 9.1 9.2 9.3 Razor Labs Ltd., דוח מיידי (Immediate report, reference 2021-01-019362), Tel Aviv Stock Exchange (Maya), 18 February 2021, accessed 10 November 2026.
  10. ↑ 10.0 10.1 Techtime, Razor Labs secured a $31.2 million Deal Techtime, 15 November 2023, accessed 10 November 2026.
  11. ↑ 11.0 11.1 Razor Labs, Wabtec and Razor Labs Announce Partnership to Bring Predictive Maintenance to Mining Fleets Razor Labs, 28 October 2026, accessed 10 November 2026.
  12. ↑ Paul Moore, Wabtec partners with Razor Labs to bring predictive maintenance to mining fleets International Mining, 27 October 2026, accessed 10 November 2026.
  13. ↑ Investing.com, רייזור לאבס: מזכר הבנות עם Wabtec Corporation לפיילוטים במוצר DataMind AI לניטור כלי צמ"ה (Razor Labs: memorandum of understanding with Wabtec Corporation for pilots of DataMind AI), Investing.com (Hebrew), 26 October 2026, accessed 10 November 2026.
  14. ↑ 14.0 14.1 Razor Labs, Razor Labs Razor Labs, accessed 10 November 2026.
  15. ↑ Razor Labs, Siemens Energy chooses Razor Labs' DataMind AI for increased efficiency utilizing Deep Learning Razor Labs, 15 March 2022, accessed 10 November 2026.
  16. ↑ Razor Labs, Razor Labs Secures USD 1.9 Million Order for High-Speed Conveyor Monitoring Solution Razor Labs, 6 February 2023, accessed 10 November 2026.
  17. ↑ BUFFERZONE Security, BUFFERZONE Security Joins Trust.AI Consortium to Enhance AI-Based Cybersecurity Technologies VKTR (PR Newswire release), 29 February 2024, accessed 10 November 2026.
  18. ↑ 18.0 18.1 Tel Aviv Stock Exchange, Axon Vision Joins Tel Aviv Stock Exchange - Axon Vision Is One Of 17 New Companies That Joined TASE In 2025 Mondo Visione, 30 September 2025, accessed 10 November 2026.
  19. ↑ 19.0 19.1 19.2 IVC Research Center, Axon Vision Ltd. IVC-Online, accessed 10 November 2026.
  20. ↑ 20.0 20.1 Dean Shmuel Elmas, IDF using Axon Vision's AI to combat drones Globes, 15 September 2024, accessed 10 November 2026.
  21. ↑ 21.0 21.1 21.2 21.3 Bizportal, רייזור - פרופיל מניה (Razor – share profile), Bizportal (Hebrew), accessed 10 November 2026.
  22. ↑ 22.0 22.1 22.2 22.3 22.4 Razor Labs, General Meeting Razor Labs (Hebrew notice of a special general meeting on 25 December 2024), accessed 10 November 2026.
  23. ↑ Razor Labs, General Meeting March 2026 Razor Labs (Hebrew notice of the annual general meeting on 27 April 2026), accessed 10 November 2026.
Retrieved from "https://powerbase.info/index.php?title=Razor_Labs&oldid=306365"