Soluto Secures $10.5 Million in Round B Funding Led by Index Ventures

TEL AVIV, Israel, June 24, 2011 -

- Funding to
accelerate development of new solutions that will bring happiness
to more PC users around the world

Soluto, the creator of ‘Anti-Frustration Software’ and the PC
Genome knowledge-base, today announced that it has secured US$10.5
million in Series B funding. Index Ventures led the round with
participation from existing partners Bessemer Venture Partners
(BVP), Giza Venture Capital, and Proxima Ventures.  

Soluto’s patent-pending technology detects when a user is
frustrated by his PC and tells him which application is causing it.
Soluto then harnesses the power of the crowd to understand which
actions really eliminate frustrations and improve the overall user
experience. This collective user wisdom, in the form of anonymous
statistical data, is gathered automatically through the download
and usage of Soluto’s Anti-Frustration software, analyzed by
Soluto, and stored in the PC Genome, a knowledge-base of PC
frustrations and solutions, gathered for the benefit of all
users.

Soluto’s ‘Anti-Frustration Software’ is a Windows application,
available for free download from: href="www.soluto.com/download">www.soluto.com/download
. Having recently launched a new version of its Anti-Frustration
software, Soluto now offers users three solutions to eliminate PC
frustrations that they encounter, focusing in the windows boot,
web-browsers, and application crashes.

“As technology evolves, it becomes more and more complicated to
the end user. There are 1.5B PCs around the world, many of their
users are unhappy with them. Soluto’s goals - to solve the
frustrations technology consumers face, and compel software
developers to design responsibly, with the end user in mind - are
both noble and promising,” said Saul Klein, Partner at Index
Ventures who will be joining Soluto’s board of directors. “We are
very excited about Soluto. Their technology is advanced, their data
is extremely valuable, and they employ a unique approach to
tackling PC and other platforms’ problems, through
crowdsourcing.”

Soluto’s Co-Founder and CEO Tomer Dvir said Soluto is proud to
appear in this portfolio: “We’re thrilled to partner with Index
Ventures,” said Dvir. “We want to make as many people as possible
as happy as possible with their computers and mobile devices, and
together with Index and our existing investors we’ll be able to
take some major steps in that direction.”

Soluto plans to invest both in the development of new products
for PCs as well as expand its offerings to mobile platforms, in
addition to the continued development of its PC Genome
knowledge-base.

Since it was founded in 2007, Soluto has raised a total of $18.3
million in investment from angel investors and VCs href="www.bvp.com/">Bessemer Venture Partners (BVP) ; href="www.gizavc.com/giza.asp">Giza Venture Capital ; href="www.proxima.co.il/English.aspx?subjectID=18">Proxima
Ventures; and now, href="www.indexventures.com/">Index Ventures .

About Soluto

Soluto ( href="www.soluto.com/">www.soluto.com) is the
creator of Anti-Frustration Software. Soluto’s software combines
low-level driver technology with collective wisdom to detect user
frustrations from computing devices, reveal their causes, learn
which actions really eliminate them, and improve the user’s overall
experience.

Orit Balicer Tsur, Head of Marketing of Soluto, +972-523-652003, press at soluto.com, orit at soluto.com, at oritbt