Some bots are good, but most bots are not – and Distil Networks, which announced $21 million in Series B on Tuesday, has its eye on the latter.
The round, led by Bessemer Venture Partners, with pinch hitting from Foundry, TechStars, ff Venture Capital, Idea Fund and Correlation Ventures, brings Distil’s total funding to $38 million.
“We take a proactive approach to tracking the bad guys,” said Rami Essaid, CEO and co-founder of Distil Networks, which uses a so-called fingerprinting technology to identify bots beyond their IP address.
“Rather than playing a game of whack-a-mole where you have to catch the same bots over and over again every time they change their IP, we build a fingerprint of every incoming connection so once we catch them, they’re caught,” Essaid said. “Then we disseminate that information to every one of our customers.”
Distil – whose client base includes AOL, StubHub, easyJet, Glassdoor, CrunchBase, Dow Jones, The Wall Street Journal, Staples, Thomson Reuters, Wayfair and others – plans to use a portion of its fresh funding to double its headcount to around 200 by end of year with an even mix of sales, marketing and engineering hires across its two main offices in San Francisco and Arlington, Va. A London office is in the works.
Ramping up product development is also a top priority. At the moment, Distil only supports bot detection on the desktop web and the mobile web, although Essaid said the company is planning to announce a product to handle bot detection in native apps by the end of the year.
Continue reading »