# Solebit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solebit

- Industry: IT Security/Cybersecurity
- Headquarters: San Francisco, US
- Website: www.solebit.io
- Total disclosed funding: $13M
- Latest round: Series A (Mar 14, 2018)
- Investors on record: 3

## About

Solebit, Inc. is a cybersecurity firm specializing in advanced email security and threat detection solutions, designed to protect organizations from various security risks and malicious attacks.Founded in 2014 and headquartered in San Francisco, US, Solebit, Inc. focuses on cybersecurity solutions. In July 2018, Solebit was acquired by Mimecast Limited for USD 100 mn. Solebit has a total of 4 deals recorded. The acquisition marked a pivotal shift in the company’s operations, integrating its services within Mimecast's broader cybersecurity portfolio.Solebit's core offerings revolve around enhancing email and collaboration security through sophisticated, AI-driven solutions. Key products include AI-Powered Next Generation Email Security, which defends against threats like business email compromise, and Incydr Data Protection, which addresses insider threats. Additionally, the Aware Governance & Compliance Suite facilitates data management and regulatory compliance. The company serves a diverse array of clients across multiple industries and regions, processing over 7 billion signals daily to help mitigate risks associated with human error.Solebit generates revenue through subscription-based models for its cybersecurity services, permitting businesses access to its products on either an annual or multi-year basis. Each subscription tier is tailored to fit diverse organizational needs, with key offerings forming the backbone of these transactions. This model helps create long-term partnerships with clients, ensuring ongoing support and regular updates to adapt to the evolving cybersecurity landscape.Solebit plans to leverage its recent acquisition funding to enhance its product line and expand into new markets. The acquisition by Mimecast, finalized in July 2018, will facilitate the development of new security products and services aimed at addressing emerging threats. The company aims to increase its presence in European and Asia-Pacific markets by 2024, focusing on attracting more enterprise clients in these regions.

## Funding rounds

- Series A, Mar 14, 2018, $11M — Glilot Capital Partners, ClearSky Advisors LLC, MassMutual Ventures
- Seed, Mar 22, 2015, $2M — Glilot Capital Partners

## Investors

- Glilot Capital Partners (https://capitalatlas.ai/funds/glilot-capital-partners) — Seed, Series A
- ClearSky Advisors LLC — Series A
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series A