Soluto

Company Overview

Snapshot

Founded in January 2008 by Tomer Dvir, Soluto operated with 11–50 employees. The company raised $18M across 3 funding rounds from 6 investors. Soluto was acquired by Asurion in October 2013.

Business overview

Soluto provides an all-in-one digital protection and support service, integrating an app, web portal, proactive communications, and support technicians. Its core technology helps users understand device performance, manage storage and battery life, and offers features like device location, anti-virus protection, and data backup. The company operates in the Business Software sector, serving both B2C and enterprise customers in global markets, with a focus on mobile platforms and cloud-based data storage solutions.

Strategic signal

In July 2022, Asurion shut down Soluto's Israel R&D center, resulting in the layoff of all 120 employees. This indicates a significant strategic shift by the parent company, signaling a complete cessation of Soluto's operational presence and development activities in Israel, which suggests a re-evaluation of its investment in the Soluto brand or a consolidation of its R&D efforts elsewhere.

Company Intelligence Q&A

When was Soluto acquired?

Soluto was acquired by Asurion in October 2013.

What was the total funding raised by Soluto?

Soluto raised a total of $18M across 3 funding rounds. The last funding round was a $10.2M Series B in June 2011 from Giza Venture Capital and Bessemer Venture Partners.

Which investors participated in Soluto's Series A round?

In November 2009, Soluto raised a Series A round from investors including Giza Venture Capital.

Did Soluto make any acquisitions?

In December 2018, Soluto acquired Pumika. Previously, in December 2017, Soluto acquired Drippler.

What happened to Soluto's Israel R&D center?

In July 2022, Asurion shut down Soluto's Israel R&D center, leading to the layoff of all 120 employees.