Sola emerges from stealth with $30M to build the ‘Stripe for security’

Sola gets $30M to develop a low-code platform for custom cybersecurity apps.

: Sola, an Israeli startup, has secured $30 million in seed funding to unveil a no-code platform empowering businesses to create tailored cybersecurity applications. Co-founded by Guy Flechter and Ron Peled, Sola targets enterprises lacking extensive technical teams by providing a simplified solution combining AI and big data management. Investors include S Capital, Glilot Capital Partners, and Mike Moritz. Sola offers pre-built apps and an interface that uses natural language inputs to generate security apps by pulling data from various sources.

Sola emerges from its stealth phase with a substantial seed funding round of $30 million, aiming to become the 'Stripe for security.' This Israeli startup offers a low/no-code platform that allows businesses to create their own cybersecurity applications tailored to unique requirements. The focus is on simplifying the security landscape through customizable tools that also manage existing applications. Co-founder of Sola, Guy Flechter, envisions reshaping security management in a way akin to how Stripe transformed payments or Canva revolutionized design.

Investors like S Capital, co-founded by Mike Moritz from Sequoia Israel, and other notable investors such as S32 and Glilot Capital Partners, are supporting this venture. Even unnamed angel investors contribute to this fund, highlighting significant interest and potential in Sola's innovative solution. Guy Flechter and Ron Peled leverage their extensive experience in cybersecurity to bridge the gaps in security options available today. Flechter's expertise in application security, highlighted by his previous venture Cider Security's acquisition for $300 million, combines with Peled's on-ground experience as a former chief infosec officer, providing a strong foundation for Sola's strategy.

The problem Sola addresses is the choice between two extreme options for tackling security challenges. Businesses today either invest heavily in costly, comprehensive commercial solutions that may not be utilized fully, or they attempt to develop their own solutions using open-source resources, which require a high level of technical knowledge. Sola offers a third option, powered by AI and big data management, designed for companies without large technical teams and excessive budgets.

An advanced yet user-friendly interface, Sola permits users to set goals or make inquiries using natural language, streamlining application creation specific to each company's assets. The platform can augment existing security measures or replace certain functionalities entirely. Ready-made applications, as well as custom options, facilitate tailored security solutions for a fraction of the common cost, advancing efficiency.

Michael Moritz highlights Sola's potential to transform security through simplifying processes with sophisticated backend capabilities, inspired by advancements in AI technology. The evolution of Sola’s interface showcases the rapid advancements in AI, demonstrating significant progress within an 18-month period, as noted by Moritz. The platform positions itself as a front-runner in leveraging technological innovations to democratize cybersecurity, drawing parallels to other industry pioneers.

Sources: TechCrunch, Crunchbase, VentureBeat

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