Soluto
Comprehensive Digital Protection and Support Service
Company Overview
Snapshot
Founded in January 2008 by Tomer Dvir, Soluto operated with 11–50 employees. The company raised a total of $18M across 3 funding rounds from 6 investors. Soluto was acquired by Asurion in October 2013.
Business overview
Soluto provides an all-in-one support and digital protection service, integrating an app, web portal, proactive communications, and support technicians. Its core technology allows users to monitor device performance, manage storage, optimize battery life, and receive app recommendations. The platform also offers device location, antivirus protection, and data backup solutions. Soluto serves markets by enhancing the user experience for device owners and streamlining the support process for technicians, operating within the Business Software sector, with a focus on mobile platforms and cloud-based data storage.
Strategic signal
In July 2022, Asurion, the acquiring company, announced the closure of Soluto's Israeli R&D center, resulting in the layoff of all 120 employees. This event signals a significant strategic shift for Asurion, indicating a potential consolidation of its R&D operations or a re-prioritization of its technology development, and marks the cessation of Soluto's operational presence as a distinct entity.
Log in to access full profile ›Company Intelligence Q&A
- What was Soluto's exit event?
- Soluto was acquired by Asurion in October 2013. The financial terms of the acquisition were not disclosed.
- What was the most recent funding round for Soluto?
- In June 2011, Soluto completed a B Round of funding. Investors included Giza Venture Capital and Bessemer Venture Partners.
- What was the first funding round Soluto received?
- Soluto secured Seed funding in January 2008 from investors including Proxima Ventures and Founder Collective.
- What was a significant operational change for Soluto in 2022?
- In July 2022, Asurion shut down Soluto's Israeli R&D center, leading to the layoff of all 120 employees.
- Did Soluto make any acquisitions?
- Soluto acquired Drippler in December 2017 and Pumika in December 2018.