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Web Application Security Firm Source Defense Raises $27 Million

Source Defense, a provider of web application client-side protection, says it pocketed $27 million in Series B funding, bringing the total investment raised by the company to $47 million.

Source Defense, a provider of web application client-side protection, says it pocketed $27 million in Series B funding, bringing the total investment raised by the company to $47 million.

The new funding round was led by Springtide Ventures, with participation from all previous investors, including AllegisCyber Capital, Capital One Ventures, Connecticut Innovations, Inc., Global Brain, Jerusalem Venture Partners, and NightDragon.

Source Defense is building technology to help mitigate third-party supply chain risks by securing client-side JavaScript code used by websites. In addition to vulnerability protection and prevention, the company’s product line also offers threat detection capabilities.

The company says its platform provides organizations with both security and compliance, so that businesses can keep users’ personal and financial information protected.

Source Defense says it will use the funding to accelerate growth by investing in research and development, sales, and marketing.

Related: ThreatLocker Raises $100 Million for Zero Trust Endpoint Security Solution

Related: Online Fraud Prevention Startup SEON Raises $94 Million

Related: Cloud Security Startup DoControl Raises $30 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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