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 Sep 30, 2026, the latest employee count at SOURCE is 226.

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.

How much is SOURCE worth?

The latest valuation of SOURCE is $***** as of Jul 19, 2022.

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.

Where does SOURCE rank among its competitors?

SOURCE ranks 11th amongst 134 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 Infinite Cooling, Aeronero 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 Shikha Kapur and Cody Friesen. 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, with a current valuation of $*****. The company has 134 active competitors, including 21 funded and 6 that have exited. Its top competitors include companies like Infinite Cooling, Aeronero 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, $*****

Post Money Valuation

$***** as on Jul 19, 2022

Investors

Microsoft & 22 more

Ranked

11^th among 134 active competitors

Employee Count

226 as on Sep 30, 2026

Investment & Acquisitions

PROUD SOURCE WATER

Similar Companies

WaHa & 36 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	Reports
SOURCE WATER INDIA PRIVATE LIMITED CIN: U41000TN2021PTC141333 , India, Active	Feb 11, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	-
SOURCE GLOBAL, PBC CIN: 472200450 , Belgium, Active	Dec 31, 1999	-	90 (As on Dec 31, 2020)	-

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	8169566	Series D	2797873	9855446	5964984	2336037
Jul 19, 2022	2216692	Series D	1660857	6154034	7645878	8606129
Apr 14, 2022	9471391	Series D	6262613	9906254	9639080	2570440

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View details of SOURCE's funding rounds and investors

The founders of SOURCE are Shikha Kapur and Cody Friesen.

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

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

View details of SOURCE's Founder profiles and Board Members

SOURCE's employee count trend

SOURCE has 226 employees as of Sep 26. Here is SOURCE's employee count trend over the years:

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Top competitors of SOURCE include Infinite Cooling, Aeronero 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	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	63/100
2nd	Aeronero 2019, Chennai (India), Seed	Technology company that develops and manufactures atmospheric water generators	$1.53M	Razack Family Trust, Callapina & 28 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	Maithri Aquatech 2016, Secunderabad (India), Seed	Manufacturer of atmospheric water generators	$535K	Beyond Water, Sinqin Global Solutions & 10 others	57/100
5th	Uravu Labs 2019, Bengaluru (India), Seed	Developer of thermal infrastructure systems that generate water from heat	$6.07M	iSteel, Rocketship & 43 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	Skywell 2013, Santa Monica (United States), Unfunded	Smart atmospheric water generation systems manufacturer	-	-	49/100
8th	Kara Water 2017, New York City (United States), Seed	Manufacturer of air-to-water devices producing mineral-rich alkaline water and coffee	$1.63M	Cleantech Open	48/100
9th	RainMaker WorldWide 2008, Toronto (Canada), Public	Wind-powered air to water generator developer	-	Icos Capital, EIC Fund & 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
11th	SOURCE 2015, Scottsdale (United States), Series D	Manufacturer of solar powered systems that extract water from air	$361M	Fifth Wall, BlackRock & 21 others	43/100