# Source Defense

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/source-defense

- Industry: Software
- Headquarters: Rosh HaAyin, Israel
- Website: www.sourcedefense.com
- Total disclosed funding: $48M
- Latest round: Series B (Apr 26, 2022)
- Investors on record: 9

## About

Source Defense Ltd. specializes in web security solutions that protect against client-side threats, ensuring the integrity of sensitive data during user interactions.Founded in 2014 and headquartered in Rosh HaAyin, Israel, Source Defense Ltd. develops solutions to combat web security vulnerabilities. The firm has conducted 4 deals, with its most recent funding round occurring on April 26, 2022, where it raised USD 27.00 mn in a Series B round led by Springtide Ventures and supported by various notable investors. CEO Ross Hogan leads the company, which has not undergone significant pivots or changes in business strategy since its inception.Source Defense offers a platform designed to enhance web security by specifically addressing client-side threats, including formjacking, digital skimming, and Magecart attacks. Utilizing patented technology, the platform ensures real-time detection and automated protection against these vulnerabilities. Its key components, Source Defense Detect and Source Defense Protect, work together to monitor third-party JavaScript and prevent malicious activities, while ensuring compliance with regulations such as PCI DSS, GDPR, and CCPA. The services cater to diverse clients across North America, Europe, and Asia, particularly in industries like finance, online retail, healthcare, and media.Source Defense generates revenue primarily through a subscription-based model, allowing clients access to its web security platform. This model is designed for flexibility and scalability, supporting both B2B clients and direct-to-consumer applications. Clients engage with Source Defense for comprehensive security solutions, benefiting from ongoing monitoring and updates, which include flagship services like Source Defense Protect, tailored to meet the demands of various sectors while adhering to strict data protection regulations.In April 2022, Source Defense Ltd. raised USD 27.00 mn in Series B funding to accelerate its growth plans. The company will utilize this funding to enhance investments in sales, marketing, partnerships, and research and development. Source Defense aims to expand into new markets, targeting specific regions for growth, though details on these regions have not been disclosed. Upcoming products are also in development to further bolster their web security offerings.

## Funding rounds

- Series B, Apr 26, 2022, $27M — AllegisCyber Capital, Jerusalem Venture Partners, Connecticut Innovations, Global Brain, Capital One Ventures, Springtide Ventures, NightDragon Security
- Series A, May 19, 2020, $11M — AllegisCyber Capital, Jerusalem Venture Partners, Global Brain, Capital One Ventures, NightDragon
- Series A, Sep 26, 2018, $10M — AllegisCyber Capital, Jerusalem Venture Partners, Connecticut Innovations, Global Brain
- Seed, Nov 1, 2017 — SixThirty

## Investors

- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Seed
- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Series A, Series B
- Jerusalem Venture Partners (https://capitalatlas.ai/funds/jerusalem-venture-partners) — Series A, Series B
- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series A, Series B
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A, Series B
- Capital One Ventures (https://capitalatlas.ai/funds/capital-one-ventures) — Series A, Series B
- NightDragon (https://capitalatlas.ai/funds/nightdragon) — Series A
- Springtide Ventures — Series B
- NightDragon Security — Series B