Solebit Labs

Company Overview

Snapshot

Founded in March 2014 by Boris Vaynberg, Meni Farjon, and Yossi Sara, Solebit Labs operated with 1-10 employees. The company raised $13 million across two funding rounds from four investors, with Glilot Capital Partners participating in early funding. Solebit Labs was acquired by Mimecast in July 2018.

Business overview

Solebit Labs was a cybersecurity solutions provider focused on preventing advanced cyber attacks, including APTs and zero-day threats, from infiltrating enterprise networks. The company's core technology created a "no-code zone" around internal networks by inspecting all data streams for executable code, regardless of encryption or concealment, before network entry. Solebit Labs served enterprises, major financial organizations, defense contractors, cellular operators, and telecom service providers within the Cyber Security sector, specifically in Network & Infrastructure Security.

Strategic signal

In July 2018, Solebit Labs was acquired by Mimecast for $88 million in cash. This acquisition highlighted the strategic value of Solebit's differentiated approach to threat detection, integrating its advanced capabilities into Mimecast's cyber resilience platform. The move positioned Solebit as Mimecast's Israel development center, signaling a significant validation of its technology and a growth-positive outcome for its investors and team.

Company Intelligence Q&A

What was the most significant event for Solebit Labs?

Solebit Labs was acquired by Mimecast for $88 million in cash in July 2018. This acquisition integrated Solebit's advanced threat detection capabilities into Mimecast's cyber resilience platform.

When was Solebit Labs founded and by whom?

Solebit Labs was founded in March 2014 by co-founders Boris Vaynberg, Meni Farjon, and Yossi Sara.

What was Solebit Labs' total funding prior to its acquisition?

Solebit Labs raised a total of $13 million across two funding rounds from four investors before its acquisition.

Which investors participated in Solebit Labs' Series A financing round?

In March 2018, Solebit Labs closed an $11 million Series A financing round with participation from.

What was the purpose of the $11 million Series A financing round in March 2018?

The $11 million Series A financing round in March 2018 was intended to accelerate the adoption and deployment of the SoleGATE Security Platform, and to expand sales and marketing capabilities. The company also planned to establish its global headquarters in Silicon Valley, California.