Source Defense Secures $27 Million in Series B  

by Kay Aloha Villamor in April 27th, 2022

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.

Raised: $27.0M

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

About the Company: Founded in 2014, Source Defense is a security and compliance platform for any website that collects sensitive data or is transaction-oriented. It addresses a ubiquitous gap in the management of third-party digital supply chain risk with a zero-trust model that extends security beyond the network to the client side. As the market leader in web application client-side protection, Source Defense provides real-time threat detection, protection, and prevention of vulnerabilities originating in JavaScript. The patented Source Defense Platform offers the most comprehensive and complete solution to address threats and risks originating from the increased use of JavaScript, third-party vendors, and open-source code in websites today. The Source Defense solution is deployed by leading Fortune 500 enterprises in the Financial Services, Retail, e-commerce, and Healthcare markets. Headquartered in Israel with branches across the U.S. and a strong community of global valuable partnerships, Source Defense is the most innovative, reliable, and trusted partner in the fight against client-side attacks. 

Source: https://sourcedefense.com/company/source-defense-secures-27-million-in-growth-funding-to-accelerate-prevention-of-web-client-side-cyber-risks%ef%bf%bc/

           


 



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