Source Defense rakes in $27m from Series B

Source Defense, a web application client-side protection provider, has raised $27m from a Series B funding round. 

The round was led by Springtide Ventures and saw participation from other investors including AllegisCyber Capital, Capital One Ventures, Connecticut Innovations, Global Brain, NightDragon and Jerusalem Venture Partners. This brings the total raised by the company to date to $47m.

Founded in 2014, Source Defense claims it uses a first-of-its-kind, real-time sandbox isolation technology to provide a client-side website security solution focused on preventing malicious activity originating from website supply chain vendors.

The firm claims its platform provides organisations with both security and compliance in order to help companies keep users’ personal and financial information protected.

Source Defense has said it will use the new capital to speed up growth by investing in research and development, sales and marketing.

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