The Velotix Files
An investigation, in five parts, built on government enforcement findings, court filings, archived pages and public records.
Disclosure: I am a former Velotix employee (October 2024 – May 2025), and I filed the Ministry of Labour complaint referenced throughout. Where I draw on my own experience rather than the documentary record, I say so.
Part 4 documents a fraudulent DMCA notice filed against Part 1 from an address in Chittagong, citing an unrelated Israeli newspaper article. Part 5 covers the company’s recovery, as told to Maariv.
The Velotix Files: How a $30M Israeli Cyber Startup Marketed Angel Investments While Its Employees Went Unpaid
An investigation into Velotix Ltd., the Israeli data security startup that raised millions, was marketed as 'the next Waze,' and is now facing insolvency after failing to pay employees, consultants, and suppliers.
The Velotix Files, Part 2: The Serial Entrepreneur
A profile of Dr Adi Hod, CEO of Velotix — his credentials, his previous company, and the nine days between telling employees the company was dying and telling investors it was thriving.
The Velotix Files, Part 3: The Marketing Machine
Inside the PipelBiz distribution network that marketed Velotix angel investments through lead-gen sites, real estate landing pages, and a military Telegram channel — while the company was under government enforcement for …
The Velotix Files, Part 4: The Takedown
On 18 May 2026, Cloudflare forwarded a DMCA copyright complaint targeting the Velotix investigation. The submitter used a disposable email, a Chittagong address, and an Israeli newspaper article about Moshe Kahlon that …
The Velotix Files, Part 5: The Comeback
On 3 June 2026, Maariv reported that Dr Adi Hod had personally injected over 11 million shekels into Velotix, settled with the former employees who had petitioned to wind it up, and was courting a new Singapore investor. …