Published On: Wed, Sep 26th, 2018

Israeli website Cyber Security startup Source Defense raises $10 Million

US and Israel-based Source Defense develops a service that automatically monitors and detects vulnerabilities on third-party applications used on websites

Source Defense co-founders Avital Grushcovski (left) and Hadar Blutrich. Photo PR

Israel-based website cybersecurity startup Source Defense has raised $10 million Series A funding.

Investors in the round include American venture capital AllegisCyber, Japanese Global Brain as well as Connecticut Innovations and return investor Jerusalem Venture Partners (JVP).

Founded in 2014 by CEO Hadar Blutrich, VP Product & Marketing Avital Grushcovski and Gilad Ben-Dor. Source Defense based in Stamford, Connecticut with R&D in Rosh HaAyin, Israel.

The company developed cloud-based software for automatically protect your website from third-party vulnerabilities and attacks.

Features include:

Simple integration – Site owners simply copy and paste Source Defense JavaScript into page headers
Automatic configuration – Policies are set automatically with no administrator involvement
Ultra low-touch management – Source Defense prevents attacks while preserving site integrity and performance

The company intends to use the funding to boost marketing efforts.

“Websites are the front line of the global digital economy and the focal point of attacks by bad actors. The growing complexity of these commerce platforms and the extensive use of third-party software makes them particularly vulnerable to attack and compromise,” said Pete Bodine, Managing Director, AllegisCyber. “The reason we invested in Source Defense is because they move the needle in a meaningful way to lock down these sites and ensure they operate without compromise.”

Hadar Blutrich, CEO and Co-Founder said: “The promise of Source Defense is not only the prevention of a universal, persistent vulnerability but that we free up organizations to focus on what really matters when it comes to their websites: delivering a superior user experience. We’re extremely excited to bring our innovative product to market, and honored to have a global team of world-class cybersecurity investors onboard.”

 

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