In a significant funding boost just six months after its seed round, Sola Security Ltd., a cybersecurity startup, has secured an additional $35 million in new investment.
The round was led by returning investor S32, with participation from Microsoft’s M12 venture fund, Sequoia Capital Chairman Michael Moritz, New Era Capital Partners, S Capital, and Glilot Capital Partners. This brings Sola Security’s total external funding to $35 million.
Basing its operations in Tel Aviv, Sola Security delivers an AI-powered platform designed to assist cybersecurity teams in developing threat detection applications via prompts. When utilizing the platform, employees define the systems and types of vulnerabilities they wish to monitor. Sola Security then automatically generates the necessary software components to carry out these monitoring tasks.
The platform begins by connecting to the designated systems for monitoring and gathering cybersecurity data. For instance, it can extract information regarding the configuration of a company's Amazon Web Services environment. It then formulates SQL queries to analyze this collected data and identify potential threats.
Organizations can develop applications aimed at detecting vulnerable assets such as Amazon S3 buckets where encryption is not enabled. According to Sola Security, the platform can also identify issues affecting employee accounts. Customers can build apps to detect accounts with excessive access privileges to data or systems beyond what is required.
Applications created by users can visualize findings through charts, simplifying data analysis. The company claims that its platform continuously scans for new vulnerabilities and generates alerts upon detection. A chatbot embedded within the custom applications enables users to analyze data using natural language queries.
The platform leverages a feature known as Graph Research to address some user inquiries. As stated by the company, this technology enables cybersecurity teams to assess whether a problem in one system might impact other assets. For example, it could identify whether a vulnerability in a tool used to manage administrator accounts might expose the company’s cloud environment to cyberattacks.
Users can customize Sola-generated dashboards using a no-code tool. An administrator could create one version of a database monitoring dashboard tailored for the cybersecurity team and another for business users who interact with the database. For clients who don’t require extensive customization, Sola offers pre-packaged cybersecurity applications built by its engineering team.
"Our industry needs to move faster and make the necessary adjustments to ensure solutions are simple, lightweight, and tailored to specific use cases," said Guy Flechter, co-founder and CEO of Sola Security.
Today, Sola revealed that since its launch in March, its platform has been adopted by over 2,000 users. These users have created more than 1,000 cybersecurity applications for their respective organizations.
