When was SOURCE founded?

SOURCE was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is SOURCE located?

SOURCE is headquartered in Scottsdale, United States. It is registered at Scottsdale,Arizona.

How many employees does SOURCE have?

As of Jun 30, 2026, the latest employee count at SOURCE is 239.

Is SOURCE a funded company?

SOURCE is a funded company, having raised a total of $361M across 9 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 18, 2015.

When was the latest funding round of SOURCE?

SOURCE's latest funding was a $***** Series D round on Feb 25, 2025, with participation from 0 investor. Its primary sector is Renewable Energy Tech. In United States, the Renewable Energy Tech sector has seen $1.46B in funding in 2026 to date.

Where does SOURCE rank among its competitors?

SOURCE ranks 5th amongst 77 active competitors, of which 21 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Infinite Cooling, which secured $5.35M in Jul, 2026.

Who are the top competitors of SOURCE?

SOURCE's top competitors include Aeronero, Maithri Aquatech and WaHa. Among them, Infinite Cooling secured the most recent funding round in July, 2026.

SOURCE - 2026 Company Profile, Team, Funding & Competitors

SOURCE is a series D company based in Scottsdale (United States), founded in 2015 by Cody Friesen and Shikha Kapur. It operates as a Manufacturer of solar powered systems that extract water from air. SOURCE has raised $361M in funding from investors like Microsoft, BlackRock and Duke Energy. The company has 77 active competitors, including 21 funded and 6 that have exited. Its top competitors include companies like Aeronero, Maithri Aquatech and WaHa.

Company Details

Manufacturer of solar powered systems that extract water from air. These systems utilize atmospheric water vapor to produce liquid water. The technology employs solar energy to convert vapor into a liquid state, which is then mineralized for consumption. The resulting water is stored within the unit until it is dispensed for use. These systems are designed for residential, community, and commercial applications.

Website: source.co
Social
Email ID: *****@source.co
Phone Number: +1 **********
Registered Address: Scottsdale,Arizona

Key Metrics

Founded Year

2015

Location

Scottsdale, United States

Stage

Series D

Total Funding

$361M in 9 rounds

Latest Funding Round

Series D, Feb 25, 2025, $*****

Investors

Microsoft & 22 more

Ranked

5^th among 77 active competitors

Employee Count

239 as on Jun 30, 2026

Investment & Acquisitions

PROUD SOURCE WATER

Similar Companies

Maithri Aquatech & 22 more

View SOURCE's full profile

SOURCE is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SOURCE GLOBAL, PBC CIN: 472200450 , Belgium, Active	Dec 31, 1999	-	90 (As on Dec 31, 2020)	-
SOURCE WATER INDIA PRIVATE LIMITED CIN: U41000TN2021PTC141333 , India, Active	Feb 11, 2021	0 - ₹10 Cr (As on Mar 31, 2024)	-

SOURCE has raised a total funding of $361M over 9 rounds. Its first funding round was on Nov 18, 2015. SOURCE has 23 institutional investors.

Here is the list of recent funding rounds of SOURCE:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 25, 2025	9774691	Series D	2984481	7424789	5112393	6493689
Jul 19, 2022	6662876	Series D	4579988	1037897	3193538	1545649
Apr 14, 2022	6322965	Series D	4829143	7849950	5909826	2714156

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View details of SOURCE's funding rounds and investors

The founders of SOURCE are Cody Friesen and Shikha Kapur.

Here are the details of SOURCE's key team members:

Cody Friesen: Former Co-Founder of SOURCE and founder of 1 other company.
Contact Info: 1 email address
Shikha Kapur: Co-Founder of SOURCE.
Bill Witz: CEO of SOURCE.

View details of SOURCE's Founder profiles and Board Members

SOURCE's employee count trend

SOURCE has 239 employees as of Jun 26. Here is SOURCE's employee count trend over the years:

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Top competitors of SOURCE include Aeronero, Maithri Aquatech and WaHa. Here is the list of Top 10 competitors of SOURCE, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Aeronero 2019, Chennai (India), Seed	Technology company that develops and manufactures atmospheric water generators	$1.53M	Razack Family Trust, Callapina & 28 others	59/100
2nd	Maithri Aquatech 2016, Secunderabad (India), Seed	Manufacturer of atmospheric water generators	$535K	Beyond Water, Sinqin Global Solutions & 10 others	58/100
3rd	WaHa 2018, Fremont (United States), Series A	Developer of atmospheric water generation and energy-efficient air conditioning technology	$12M	Anthropocene Institute, Vesta Fund & 4 others	57/100
4th	Uravu Labs 2019, Bengaluru (India), Seed	Developer of thermal infrastructure systems that generate water from heat	$6.07M	iSTEEL, Rocketship & 43 others	56/100
5th	SOURCE 2015, Scottsdale (United States), Series D	Manufacturer of solar powered systems that extract water from air	$361M	BlackRock, Fifth Wall & 21 others	56/100
6th	Genesis Systems 2016, Tampa (United States), Series A	Manufacturer of atmospheric water generators for residential and industrial use	$39.8M	Stony Lonesome Group, Southland Holdings & 6 others	53/100
7th	Infinite Cooling 2017, Cambridge (United States), Series A	Technology developer for capturing water from cooling tower plumes	$21.7M	Material Impact, Joules Accelerator & 8 others	51/100
8th	Skywell 2013, Santa Monica (United States), Unfunded	Smart atmospheric water generation systems manufacturer	-	-	50/100
9th	RainMaker WorldWide 2008, Toronto (Canada), Public	Wind-powered air to water generator developer	-	Icos Capital, Contrarian Ventures & 3 others	47/100
10th	AirJoule Technologies 2018, Newark (United States), Public	Developer of sorption technologies for water production, recovery, cooling, and control	-	GE Vernova	46/100