{{Short description|Israeli device-protection company, 2008–2013}} {{Infobox dot-com company | name = Soluto | logo = Soluto logo.png | logo_size = 180px | company_type = Subsidiary | location_city = Tel Aviv | location_country = Israel | foundation = {{start date and age|2008}} | dissolved = 2013; acquired by Asurion though remained as brand | key_people = Tomer Dvir (Cofounder, CEO), Ishay Green (Cofounder), Omri Haim (Chief Technology Officer) | industry = Computer software, remote support web application | homepage = {{url|www.solutotlv.com}} }} '''Soluto''' was a device protection software developer that helped users identify and correct problems in Microsoft Windows.<ref>{{cite web|title=Asurion acquires Soluto for $100m|url=https://en.globes.co.il/en/article-1000889802|website=Globes|accessdate=30 Jun 2020|date=30 Oct 2013|language=en-UK}}</ref>
==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.<ref>[https://techcrunch.com/2009/11/03/exclusive-soluto-raises-6-2-m-from-bessemer-to-make-your-pc-run-better/ Soluto Raises $6.2M From Bessemer To Make Your PC Run Better], CrunchBase</ref> 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.<ref>{{cite web | url=https://www.timesofisrael.com/bennett-repeats-success-with-new-100-million-exit/ | title=Bennett repeats success with new $100 million exit | website=The Times of Israel }}</ref> 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.<ref>{{cite web | url=https://www.timesofisrael.com/bennett-repeats-success-with-new-100-million-exit/ | title=Bennett repeats success with new $100 million exit | website=The Times of Israel }}</ref>
===Acquisition=== In 2013, Soluto was acquired by Asurion, LLC.<ref>{{cite news|url=https://venturebeat.com/2013/10/30/asurion-snaps-up-soluto-for-100m-to-offset-insurance-risks/|title=Asurion snaps up Soluto for $100M+ to offset insurance risks|last1=Eric|first1=Blattberg|accessdate=19 June 2014}}</ref> Soluto ceased operation of the Soluto PC Management platform on April 1, 2016.<ref>{{Cite web|url=https://support.soluto.com/home|title=Soluto for PC is shutting down|date=February 2016|website=Soluto Support|language=en-US|access-date=2016-05-28}}</ref> 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.<ref>{{cite web|last=Empson|first=Rip|title=Are You The "Family CTO"? A New Soluto Aims To Turn You Into A One-Person Help Desk|url=https://techcrunch.com/2011/12/13/are-you-the-family-cto-a-new-soluto-aims-to-turn-you-into-a-one-person-help-desk/|publisher=techcrunch.com|accessdate=1 March 2012|date=13 December 2011}}</ref><ref>{{cite web|title=New year, new friends, new Soluto|url=http://blog.soluto.com/2012/02/new-investors/|work=Soluto Blog|accessdate=1 March 2012|date=2 February 2012}}</ref><ref>{{cite web|last=Feldman|first=Yaniv|title=Release: Eric Schmidt and Michael Arrington Israeli investors|url=http://www.newsgeek.co.il/schmidt-arrington-invest-in-soluto/|publisher=newsgeek.co.il|accessdate=1 March 2012|language=Hebrew|date=2 February 2012}}</ref> * 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".<ref>{{Cite web |date=2022-07-24 |title=Asurion shutting down Israel R&D center Soluto, lays off all 120 employees |url=https://www.calcalistech.com/ctechnews/article/s1xemk935 |access-date=2022-08-15 |website=ctech |language=en}}</ref> The dissolution process included closing down Soluto's R&D center in Tel Aviv, and laying off all of its 120 employees.
==References== {{reflist}}
{{Naftali Bennett}}
Category:Cloud applications Category:Software companies of Israel Category:Software companies established in 2008 Category:Information technology management Category:Companies based in Tel Aviv Category:2008 establishments in Israel Category:2013 mergers and acquisitions Category:Naftali Bennett Category:Software companies disestablished in 2016 Category:2016 disestablishments in Israel