# Soluto

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{{Short description|Israeli device-protection company, 2008–2013}}
{{Infobox dot-com company
| name = Soluto
| logo = Soluto logo.png
| logo_size = 180px
| company_type = [Subsidiary](/source/Subsidiary)
| location_city = [Tel Aviv](/source/Tel_Aviv)
| location_country = [Israel](/source/Israel)
| foundation = {{start date and age|2008}}
| dissolved = 2013; acquired by [Asurion](/source/Asurion) though remained as brand
| key_people = Tomer Dvir (Cofounder, CEO), Ishay Green (Cofounder), Omri Haim (Chief Technology Officer)
| industry = [Computer software](/source/software), remote support [web application](/source/web_application)
| homepage = {{url|www.solutotlv.com}}
}}
'''Soluto''' was a device protection software developer that helped users identify and correct problems in [Microsoft Windows](/source/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](/source/seed_funding) from Proxima Ventures. This was followed-up with a $6.2M second round of financing led by [Bessemer Venture Partners](/source/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](/source/Naftali_Bennett) was brought in by investors as [CEO](/source/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](/source/The_Times_of_Israel) }}</ref> Asher, a respected expert in [cryptography](/source/cryptography) and graduate of the [Technion](/source/Technion), worked on expanding the range of solutions, while Dan, a graduate of [McGill University](/source/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](/source/The_Times_of_Israel) }}</ref>

===Acquisition===
In 2013, Soluto was acquired by [Asurion, LLC](/source/Asurion).<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](/source/Index_Ventures), Bessemer Venture Partners, Giza Venture Capital, Proxima Ventures, Crunch Fund, Innovation Endeavors, Initial Capital, and [angel investor](/source/angel_investor)s including [Chris Dixon](/source/Chris_Dixon), [Yuval Ne'eman](/source/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](/source/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](/source/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

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Adapted from the Wikipedia article [Soluto](https://en.wikipedia.org/wiki/Soluto) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Soluto?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.