"The decision reflects the rapid changes in the automotive industry and an increasingly challenging market environment, with slower-than-expected growth." — Full SHUTDOWN of Israeli operations: parent Aumovio (Continental spin-off) is closing PlaxidityX (formerly Argus Cyber Security, acquired 2017 for ~$450M) and laying off all 80 remaining Israeli employees. Also covered by Haaretz (2026-07-01). No AI mention — reason is automotive market slowdown. See Argus entry: SAME EVENT.