Leesburg, VA June, 23, 2014 - Militello Capital (http://www.militellocapital.com) is pleased to announce its portfolio company, Distil Networks, has raised $10 Million in a Series A financing.
Militello Capital participated in the funding round which was led by Foundry Group and Techstars’ Bullet Time Ventures. Founded in 2011, Distil is the worldwide leader in bot detection and mitigation and has blocked over 10 billion bad bots since inception. With this funding, the company plans to expand its operations and open new offices in Raleigh, NC and San Francisco, CA.
“Distil continues to execute on their mission to make the web secure," says Matt Brady, Co-Founder and COO of Militello Capital. He continues, “In addition, Distil has positioned itself as a thought leader on how to secure intellectual property and data for the enterprise, while helping to improve the end user experience of individual internet users. We are very pleased with our investment in Distil and are excited about its future.”
About Distil Networks
Distil Networks is the global leader in Bot detection and mitigation offering the first software-as-a-service solution focused on stopping automated attacks to make the web more secure. Distil works like a protective shield and blocks malicious bots, malware, and competitors that try to scrape or copy your website data without permission. Prevent web scraping, eliminate form spam and click fraud, reduce infrastructure costs, and regain your competitive advantage with Distil Networks. The company also publishes the annual Bad Bot Landscape Report.
About Militello Capital
Militello Capital is a Northern Virginia-based private equity investment manager. We’ve moved beyond Wall Street to a place where ideas matter, people have names and investing is as much about creating opportunity as it is about increasing wealth. Our firm was founded on the principle that true wealth is created in private investments. We offer two distinct alternative investment strategies available exclusively through certified RIAs: income-producing commercial real estate and emerging technology venture capital.
Visit http://www.militellocapital.com/ to learn more