For its no-code cybersecurity platform driven by artificial intelligence (AI), Sola Security has received $30 million.
The seed money, which was revealed Tuesday, March 11, as the startup came out of stealth, will help Sola improve its solution, which it claims enables companies to create security apps without requiring “deep technical expertise” or incurring excessive costs.
Sola’s CEO and co-founder, Guy Fletcher, stated that the Israeli business sees itself as a part of a “self-serve revolution” that is exemplified by businesses such as Stripe and Canva.
“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,” Fletcher said in a news release. “Sola Security lets any team create and customize security solutions instantly, without the overhead, without the engineering burden, and without the ridiculous price tag.”
“For example, digital identity solutions can move beyond passwords, incorporating multifactor authentication, biometric data and behavior-based verification,” that report said. “Decentralized identity frameworks help ensure that only the right individuals or systems gain access to specific resources, something that can be crucial in preventing unauthorized access.”
The main idea behind decentralized identification is that companies can lessen the chance of significant data breaches by doing away with centralized identity stores.
B2B companies may experiment with and implement many of these tactics without going over budget, even though Big Tech has the resources to create sophisticated cybersecurity solutions.
Every access request is treated as potentially hostile until it is confirmed, according to the “Zero Trust” concept used by Google, Microsoft, and others. B2B companies can use this strategy by implementing ongoing authorization and authentication procedures in their systems.
“In the same way that I trust physical keys to the physical lock on my home, I trust digital keys for my digital life,” Adam Lowe, chief product and innovation officer at Arculus/CompoSecure, told Media.
Strong identity and access management (IAM) procedures are another area in which business-to-business (B2B) organizations may concentrate, ensuring that digital identities are verified and approved across all platforms.
“If a deal seems too good to be true, it probably is,” Chris Ward, head of enterprise payments at Truist, told PYMNTS in February. “Businesses … need to be vigilant, especially when transacting with unknown entities or offers that appear overly enticing.”
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