About Soluto
Soluto is a company based in Tel Aviv (Israel) founded in 2008 was acquired by Asurion in October 2013.. Soluto has raised $18.74 million across 4 funding rounds from investors including Asurion, Bessemer Venture Partners and TechCrunch+. Soluto has completed 1 acquisition, including Drippler. Soluto operates in a competitive market with competitors including Datapipe, Crayon, 2nd Watch, All Cloud and SoftwareONE, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Soluto
Soluto has successfully raised a total of $18.74M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $10.24 million completed in June 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $10.2M
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First Round
First Round
(23 Oct 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2011 | Amount | Series B - Soluto | Valuation | Index Ventures | |
| May, 2010 | Amount | Grant - Soluto | Valuation |
investors |
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| Nov, 2009 | Amount | Series A - Soluto | Valuation | Bessemer Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Soluto
Soluto has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Asurion, Bessemer Venture Partners and TechCrunch+. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Investment management and trading services are provided by Proxima.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Soluto
Soluto has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Drippler. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Discovery of apps, features & updates based on reviews
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Soluto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Soluto Comparisons
Competitors of Soluto
Soluto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Datapipe, Crayon, 2nd Watch, All Cloud and SoftwareONE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Managed hybrid cloud services are provided for enterprises.
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| domain | founded_year | HQ Location |
Crayon is involved in unspecified business activities.
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| domain | founded_year | HQ Location |
Public cloud workload management tools and services are provided.
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| domain | founded_year | HQ Location |
Services for the development and support of cloud-based applications
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| domain | founded_year | HQ Location |
IT service suite solutions are provided globally by SoftwareONE.
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| domain | founded_year | HQ Location |
Cloud services in PaaS, SaaS, and IaaS are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Soluto
When was Soluto founded?
Soluto was founded in 2008.
Where is Soluto located?
Soluto is headquartered in Tel Aviv, Israel.
Is Soluto a funded company?
Soluto is a funded company, having raised a total of $18.74M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6.2M, raised on Oct 23, 2008.
What does Soluto do?
Soluto was founded in 2008 in Tel Aviv, Israel, as a provider of cloud-based mobile device management solutions. Operations focus on enabling secure management of mobile devices for enterprises through scalable cloud platforms. Services include device enrollment, policy enforcement, and remote support, primarily serving businesses in the IT sector. The company operates from its base in Israel, with a domain of solutotlv.com supporting global accessibility.
Who are the top competitors of Soluto?
How many acquisitions has Soluto made?
Soluto has made 1 acquisition, including Drippler.
Who are Soluto's investors?
Soluto has 6 investors. Key investors include Asurion, Bessemer Venture Partners, TechCrunch+, Index Ventures, and Proxima Investment House.
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