What is Source Defense?
Headquartered in Israel, Source Defense specializes in client-side web security, a critical frontier in modern digital risk management. The company provides a robust platform designed to neutralize vulnerabilities originating from third-party scripts, which are frequently exploited in sophisticated cyberattacks such as Magecart and Formjacking. By operating directly within the user's browser, Source Defense offers real-time protection that traditional server-side security measures often overlook. This proactive stance allows enterprises to maintain the functionality of their digital supply chains while effectively insulating their web applications from malicious code injection and data exfiltration attempts.
How much funding has Source Defense raised?
Source Defense has raised a total of $37.5M across 2 funding rounds:
Other Financing Round
$10.5M
Series B
$27M
Other Financing Round (2020): $10.5M with participation from Capital One, JVP Limited, NightDragon Security, Global Brain Corporation, and Allegis Capital LLC
Series B (2022): $27M led by Springtide
Key Investors in Source Defense
Capital One
Capital One Financial Corporation is a diversified financial services holding company that provides comprehensive banking, credit card, and commercial lending solutions through an integrated digital and physical network.
Global Brain Corporation
Global Brain is an independent venture capital firm managing over $2.3 billion in assets, focusing on supporting startups through hands-on strategic consulting and corporate collaboration.
Springtide
Springtide Ventures s.r.o. is a venture firm dedicated to supporting courageous entrepreneurs by providing the necessary resources and capital to scale innovative business models.
What's next for Source Defense?
With the successful completion of its latest financing round, Source Defense is well-positioned to accelerate its product development and expand its market footprint. The company is expected to leverage this capital to enhance its proprietary threat detection algorithms and broaden its reach within the enterprise sector. As digital transformation continues to rely heavily on third-party integrations, the demand for specialized client-side security solutions is projected to grow, providing Source Defense with a clear path to sustained growth and industry leadership in the evolving cybersecurity ecosystem.
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