What is Source Defense?
Source Defense is a client-side web security provider that offers real-time threat protection against vulnerabilities stemming from third-party scripts. Their technology is designed to combat attacks such as Magecart and Formjacking, which exploit weaknesses in external code integrated into websites. Headquartered in Israel, the company is positioned to address a critical gap in enterprise-level security by focusing on the often-overlooked risks associated with supply chain attacks originating from third-party vendors.
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, Allegis Capital LLC, Global Brain Corporation, JVP Limited, and NightDragon Security
Series B (2022): $27M led by Springtide
Key Investors in Source Defense
Capital One
Capital One 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 supports startups in achieving global success through hands-on assistance and collaboration with large corporations, focusing on technology, healthcare, and education sectors.
Springtide
Springtide Ventures s.r.o. is a venture capital firm dedicated to supporting entrepreneurs in building successful businesses, providing funding and resources to innovative ideas with a focus on ambitious and risk-taking individuals and companies.
What's next for Source Defense?
The recent major strategic investment indicates a strong confidence in Source Defense's growth trajectory and its ability to scale its operations. This capital infusion is likely to fuel further product development, expand market reach, and enhance its threat intelligence capabilities. The company's focus on client-side security, a rapidly evolving area of cybersecurity, positions it for continued expansion as enterprises increasingly prioritize robust protection against sophisticated web-based threats.
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