Self-service cybersecurity startup Sola Security Inc. launched today with an announcement that it has raised $30 million in funding to develop its artificial intelligence-powered, no-code cybersecurity platform and expand its product offerings.

Founded last year by cybersecurity veterans Guy Fletcher, the former chief executive officer and co-founder of Cider Ltd., which was acquired by Palo Alto Networks Inc. in 2022 for $195 million, and Ron Peled, the former global chief information security officer of LivePerson Inc., Sola is aiming to redefine how organizations build and deploy security tools by eliminating complexity, cutting costs and putting power back into the hands of security professionals at every level.

The company’s platform seeks to address the growing complexity and cost of cybersecurity by enabling organizations to build and deploy security solutions without the need for extensive technical expertise.

Sola argues that businesses today manage up to 50 separate security tools, each with its own interface, costs and maintenance requirements, creating inefficiencies, security gaps and budget strains. Smaller teams and solo security professionals face even greater challenges, often lacking the resources to maintain an effective security stack.

Sola aims to eliminate these barriers by offering a streamlined, AI-powered platform that simplifies security management.

Sola allows businesses to create functional security applications from start to finish without requiring dedicated engineering teams or large budgets. Users can either deploy prebuilt security tools from the Sola App Gallery or customize their own solutions to fit specific needs.

“We see ourselves as part of the self-serve revolution created by giants such as Canva, Stripe and Figma, who changed the way we work in their domains,” said CEO Fletcher. “Security tools today are either too narrow to solve real problems or too bloated to be usable and we knew there had to be a better way. Sola Security lets any team create and customize security solutions instantly, without the overhead, without the engineering burden, and without the ridiculous price tag.”

S Capital LP and veteran venture capitalist Mike Moritz led the seed round, with S32 LP, Glilot Capital Partners LP and several unnamed angel investors also participating.

Photo: Sola Security