Source Defense, a Rosh Ha’ayin, Israel and New Haven, Conn.-based pioneer in web application client-side protection, announced that it secured $27 million in Series B funding.
The round was led by new investor Springtide Ventures, with all existing investors also participating, including Jerusalem Venture Partners (JVP), AllegisCyber Capital, Global Brain, Connecticut Innovations, Inc., NightDragon, LLC, and Capital One Ventures.
The new funds will be applied toward the company’s accelerated growth plans, including investments in Sales, Marketing, Alliances, and Research and Development.
In addition to the investment, Karel Tusek, CTO of Springtide Ventures, will join the Source Defense Board of Directors.
Company: Source Defense Ltd.
Round: Series B
Funding Month: April 2022
Lead Investors: Springtide Ventures
Additional Investors: Jerusalem Venture Partners (JVP), AllegisCyber Capital, Global Brain, Connecticut Innovations, Inc., NightDragon, LLC, and Capital One Ventures
Company Website: https://sourcedefense.com/
Software Category: Security and Compliance platform