Sola Security: The Game-Changer in Cybersecurity Secures $30 Million to Revolutionize the Industry

A New Era in Cybersecurity

Sola Security, founded by Guy Flechter, a former CEO of Cider Security, and Ron Peled, ex-Global CISO of LivePerson, has emerged from stealth mode with an ambitious vision to transform cybersecurity for small businesses and tech startups.

Flechters' goal is clear: "We want to change the paradigm in cyber". He emphasizes that cybersecurity tools should not be reserved for the elite but should be accessible to all. The startup has successfully raised a significant $30 million in Seed funding, with $28 million reported earlier last summer.

Simplifying Cyber Defense

The platform aims to simplify the way cybersecurity tools are built and deployed. Flechter states, "We want to enable cybersecurity professionals within organizations to do their jobs more easily, without going through a long procurement process". The focus is on creating tools that are straightforward and agile, tailored to specific organizational needs, much like how Wix simplified website creation.

Target Audience

Sola's platform is particularly aimed at small and medium-sized businesses and innovative tech companies that are open to non-standard solutions. In its initial phase, tools will be available for free to encourage experimentation and feedback.

Funding and Future Plans

In addition to the initial funding, Sola has announced an extra $2 million from angel investors, bringing the total funding to $30 million. Notable investors include Michael Moritz, known as the "Michael Jordan" of venture capital. Currently, Sola employs 44 people and is poised for growth.

Founder’s Background

This venture marks Flechter's second startup; his first, Cider Security, was acquired by Palo Alto Networks for $300 million. With two decades of experience in Israel’s cyber industry, Flechter is well-equipped to lead this new initiative.