What is Source Defense?
Source Defense specializes in real-time threat protection against vulnerabilities originating from third-party scripts, addressing critical security gaps exposed by attacks like Magecart and Formjacking. Headquartered in Israel, the company offers a robust client-side web security platform designed to safeguard businesses from risks inherent in the modern digital supply chain. Their technology provides essential defense mechanisms for enterprises navigating complex web environments.
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, Global Brain Corporation, Allegis Capital LLC, NightDragon Security, and JVP Limited
Series B (2022): $27M led by Springtide
Key Investors in Source Defense
Springtide
Springtide Ventures s.r.o. is a venture capital firm that supports entrepreneurs in building businesses, focusing on providing funding and resources to innovative ideas. They target ambitious individuals and companies willing to take risks to achieve success.
Capital One
Capital One Financial Corporation is a diversified financial services holding company offering comprehensive banking solutions. It operates through Credit Card, Consumer Banking, and Commercial Banking segments, providing a wide range of financial products and services to consumers and businesses.
Global Brain Corporation
Global Brain Corporation is an independent venture capital firm that specializes in supporting startups to achieve global success through hands-on assistance and collaboration with large corporations, investing in over 100 startups annually.
What's next for Source Defense?
The recent major strategic investment signifies a pivotal moment for Source Defense, indicating a strong market validation and providing the necessary capital for accelerated growth and expansion. This significant backing, part of its substantial enterprise-level funding, will likely fuel further development of its advanced web security technologies and enhance its market penetration. The company is poised to strengthen its position in the cybersecurity landscape, offering enhanced protection against sophisticated online threats.
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