Record Revenue Growth, Key Customer Wins and Competitor Acquisition Fuel Momentum for Bot Detection and Mitigation Company
San Francisco, CA – February 11, 2016 – Distil Networks, the global leader in bot detection and mitigation, today announced the opening of its new London office to meet customer demand. The office will serve as a hub for international expansion and comes on the heels of the company’s recent acquisition of competing bot detection company ScrapeSentry. Distil closed 2015 as a record year, which included strong revenues, corporate growth and product innovation.
“Bots can be utilized for a multitude of different things, but they are increasingly being used maliciously, for web scraping, brute force attacks, competitive data mining, account hijacking, unauthorized vulnerability scans, spam, and click fraud. Distil is the first easy and accurate way to defend websites from these types of automated attacks,” said Distil Networks co-founder and CEO, Rami Essaid. “This London office signifies a new era for our company as we expand to meet market demand and opportunity worldwide, while continuing to be at the cutting edge of web application security. I’m incredibly thrilled to double-down on our technology innovation and expand our team in the coming year.”
2015 Corporate Milestones
- Achieved 359 percent year-over-year revenue growth.
Deployed its bot detection and mitigation solution across hundreds of the world’s most successful websites including StubHub, EasyJet, Yelp, Wayfair, Orbitz, Conde Nast, Glassdoor, and B&H Photo.
Distil Networks now protects 6 of the world’s top 50 ecommerce sites, as well as 7 of the world’s top 50 travel websites.
Doubled its workforce to over 100 employees with physical offices in San Francisco, Raleigh, Arlington, Stockholm, and London.
Expanded executive team with industry experts including Chief Financial Officer, Matt Hibbard (Xoom, OpenTable, E&Y), and Vice President of Customer Success, Jason Hollander (OneLogin, RSA).
Secured $21 million in Series B funding, led by Bessemer Venture Partners (BVP) and welcomed BVP partner, David Cowan, to its board.
Launched a Global Channel Partner Program and signed leading managed security service providers including Optiv, GlobalDots, and CIPHER.
- Formed the Bot Defense Council, an elite group of IT practitioners and business leaders committed to making the Web more secure. Founding members include executives from StubHub, Whitepages, TravelBrands, Manta, Glassdoor and B&H Photo.
Continued Technology Innovation and Research
Provided customers with new insights into their website traffic including; top content where bots are concentrating their attacks; a breakdown of good bot activity from search engines like Googlebot and Bingbot; and digital ad fraud activity within each ad network or campaign.
Awarded a five-star rating in SC Magazine’s product review within the group test review of forensic and online fraud tools.
Uncovered that only 41 percent of web traffic originates from humans in the annual Bad Bot Landscape Report, identifying statistically significant data and insights into the bad bot landscape.
- Revealed 75 percent of publishers and 59 percent of advertisers are either unable, or unsure, about how to decipher human versus non-human traffic.
About Distil Networks
Distil Networks, the global leader in bot detection and mitigation, is the first easy and accurate way to identify and police malicious website traffic, blocking 99.9% of bad bots without impacting legitimate users. Distil protects against web scraping, brute force attacks, competitive data mining, online fraud, account hijacking, unauthorized vulnerability scans, spam, man-in-the-middle attacks, digital ad fraud, and downtime. Slash the high tax that bots place on your internal teams and web infrastructure and make your online applications more secure with API security, real-time threat intelligence, a 24/7 security operations center, and complete visibility and control over human, good bot, and bad bot traffic. For more information on Distil Networks, visit us at http://www.distilnetworks.com or follow @DISTIL on Twitter.