Soluto
Israeli device-protection company, 2008–2013
From Wikipedia, the free encyclopedia
Soluto was a device protection software developer that helped users identify and correct problems in Microsoft Windows.[1]
 | |
| Type of business | Subsidiary |
|---|---|
| Founded | 2008 |
| Dissolved | 2013; acquired by Asurion though remained as brand |
| Headquarters | , |
| Key people | Tomer Dvir (Cofounder, CEO), Ishay Green (Cofounder), Omri Haim (Chief Technology Officer) |
| Industry | Computer software, remote support web application |
| URL | www |
History
Soluto was founded in 2008 and received US$1.6 million in seed funding from Proxima Ventures. This was followed-up with a $6.2M second round of financing led by Bessemer Venture Partners and joined by Giza Venture Capital, in March 2009.[2] After the 2009 financisation, Israeli politician Naftali Bennett was brought in by investors as CEO. Bennett made several structural changes to the company, bringing on his brothers, Asher and Dan, as co-executives.[3] Asher, a respected expert in cryptography and graduate of the Technion, worked on expanding the range of solutions, while Dan, a graduate of McGill University, brought expertise in managing technical startups, specializing in user protection, in their infancy.[4]
Acquisition
In 2013, Soluto was acquired by Asurion, LLC.[5] Soluto ceased operation of the Soluto PC Management platform on April 1, 2016.[6] At the time of purchase, it had 40 employees.
Funding
- Soluto is funded by Index Ventures, Bessemer Venture Partners, Giza Venture Capital, Proxima Ventures, Crunch Fund, Innovation Endeavors, Initial Capital, and angel investors including Chris Dixon, Yuval Ne'eman, Saar Gillai, and Nadav Zohar.[7][8][9]
- Soluto was purchased by Asurion on November 12, 2013, for a reported $130M.
Dissolution
In 2022, Asurion decided to dissolve Soluto in order to "focus its current growth on the cellular market".[10] The dissolution process included closing down Soluto's R&D center in Tel Aviv, and laying off all of its 120 employees.