Soluto was a device protection software developer that helped users to identify and correct problems in
Microsoft Windows. It developed an identically named product offering that integrated a mobile app, web portal, proactive communications, and remote device management into one service. As part of a premium service, Soluto enabled users to contact premier support technicians. Soluto offered access via the web as part of Soluto PC Management platform.
History
Soluto was founded in 2008 and received US$1.6 million in
seed funding
Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' ...
from Proxima Ventures. This was followed-up with a $6.2M second round of financing led by
Bessemer Venture Partners
Bessemer Venture Partners (Bessemer) is an American venture capital firm. The firm has over $19 billion under management and invests globally, with offices in San Francisco, Redwood City, New York City, Boston, Israel, India, and London.
Besseme ...
and joined by Giza Venture Capital, in March 2009. After the 2009 financisation, Israeli politician
Naftali Bennett
Naftali Bennett ( he, נַפְתָּלִי בֶּנֶט, Transliterated: , ; born 25 March 1972) is an Israeli politician who served as the 13th prime minister of Israel from 13 June 2021 to 30 June 2022, and as the 3rd Alternate Prime Minis ...
was brought in by investors as
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...
. Bennett made several structural changes to the company, bringing on his brothers, Asher and Dan, as co-executives. Asher, a respected expert in
cryptography
Cryptography, or cryptology (from grc, , translit=kryptós "hidden, secret"; and ''graphein'', "to write", or ''-logia'', "study", respectively), is the practice and study of techniques for secure communication in the presence of adve ...
and graduate of the
Technion, worked on expanding the range of solutions, while Dan, a graduate of
McGill University
McGill University (french: link=no, Université McGill) is an English-language public research university located in Montreal, Quebec, Canada. Founded in 1821 by royal charter granted by King George IV,Frost, Stanley Brice. ''McGill Universit ...
, brought expertise in managing technical startups, specializing in user protection, in their infancy.
Acquisition
In 2013, Soluto was acquired by
Asurion, LLC. Soluto ceased operation of the Soluto PC Management platform on April 1, 2016. at the time of purchase, it had 40 employees.
Funding
* Soluto is funded by
Index Ventures
Index Ventures is a Europe, European venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security. Sinc ...
, Bessemer Venture Partners, Giza Venture Capital, Proxima Ventures, Crunch Fund, Innovation Endeavors, Initial Capital, and
angel investors including
Chris Dixon
Chris Dixon is an American internet entrepreneur and investor. He is a general partner at the venture capital firm Andreessen Horowitz, and previously worked at eBay. He is also the co-founder and former CEO of Hunch. He was #1 on the Midas L ...
,
Yuval Ne'eman
Yuval Ne'eman ( he, יובל נאמן, 14 May 1925 – 26 April 2006) was an Israeli theoretical physicist, military scientist, and politician. He was Minister of Science and Development in the 1980s and early 1990s. He was the President ...
, Saar Gillai, and Nadav Zohar.
* Soluto was purchased by
Asurion
Asurion, LLC is a privately held company based in Nashville, Tennessee, that provides insurance for smartphones, tablets, consumer electronics, appliances, satellite receivers and jewelry. In 2014, the company operated in 14 countries and had 4 ...
on November 12, 2013, for a reported $130M.
Awards
* Soluto won
TechCrunch
TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare.
In 2010, AOL acquired the company for approximat ...
Disrupt in 2010.
* Soluto was named one of the 2010 Always On Global Top Private Companies.
Lifehacker
''Lifehacker'' is a weblog about life hacks and software that launched on January 31, 2005. The site was originally launched by Gawker Media and is currently owned by G/O Media. The blog posts cover a wide range of topics including: Microsoft ...
named Soluto one of the most popular free Windows downloads of 2010.
Dissolution
In 2022, Asurion decided to dissolve Soluto in order to "focus its current growth on the cellular market". The dissolution process included closing down Soluto's R&D center in
Tel Aviv
Tel Aviv-Yafo ( he, תֵּל־אָבִיב-יָפוֹ, translit=Tēl-ʾĀvīv-Yāfō ; ar, تَلّ أَبِيب – يَافَا, translit=Tall ʾAbīb-Yāfā, links=no), often referred to as just Tel Aviv, is the most populous city in the G ...
, and laying off all of its 120 employees.
Features
The original Soluto features are listed below.
Dashboard
The Soluto dashboard has 6 sections, divided into categories of technical information that the user can see and remote actions the user can initiate:
# ''Frustrations'': view information about non-responsive applications, recent
application crashes, possible causes for crashes, and crash solutions.
# ''Apps'': view a list of applications that have available updates and start the updates. View a list of applications that can be remotely downloaded and installed on the PC, and start the downloads.
# ''Background Apps'': view the list of applications that start when the computer
boots up, descriptions of the applications, and recommended actions based on the actions taken by other Soluto users. Remove applications from boot up or set applications to launch shortly after boot up.
# ''
Internet
The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a ''internetworking, network of networks'' that consists ...
'': select or install a default
browser, set the homepage, and change the default search engine. View enabled toolbars and
add-ons, descriptions of them, and whether Soluto recommends the item be disabled. Disable toolbars and add-ons.
# ''Protection'': turn on the PC's firewall, view or install
antivirus software
Antivirus software (abbreviated to AV software), also known as anti-malware, is a computer program used to prevent, detect, and remove malware.
Antivirus software was originally developed to detect and remove computer viruses, hence the name ...
, and install Windows updates.
# ''
Hardware
Hardware may refer to:
Technology Computing and electronics
* Electronic hardware, interconnected electronic components which perform analog or logic operations
** Digital electronics, electronics that operate on digital signals
*** Computer hard ...
'': View technical info about the PC's hardware, including available memory and battery health. Defrag the hard drives.
Downloaded Agent
Soluto uses a downloaded agent to transmit data to, and receive data from, Soluto's back-end servers. Data transmitted to Soluto includes the apps running during boot up, enabled browser toolbars and add-ons, hardware specs, and a specialized form of crash reports. The servers send back to the agent information such as solutions for recent crashes and the remote actions that were initiated by the user and need to occur.
References
{{Naftali Bennett
Cloud applications
Software companies of Israel
Software companies established in 2008
Information technology management
Companies based in Tel Aviv
2008 establishments in Israel
2013 mergers and acquisitions
Naftali Bennett
Software companies disestablished in 2016
2016 disestablishments in Israel