Distil Networks recently announced its $21M Series B financing. The round, led by Bessemer Venture Partners with participation from existing investors Foundry Group, Techstars, IDEA Fund Partners, ff Venture Capital, Correlation Ventures, and others, brings the company’s total amount raised to $38M. In conjunction with the financing, David Cowan of BVP will join the Distil Networks board of directors. Founded in 2011, Distil Networks is the leading cloud security provider that blocks malicious bots.
Distil Networks recently announced the close of its $21M Series B financing. The round, led by Bessemer Venture Partners with participation from existing investors Foundry Group, Techstars, IDEA Fund Partners, ff Venture Capital, Correlation Ventures, and others, brings the company’s total amount raised to $38M. “Malicious bots have become increasingly more pervasive, sophisticated and detrimental to companies around the world, and Distil is the only solution that is purpose built to identify and stop 99.99 percent of bad bots without affecting users,” said CEO and Co-founder Rami Essaid.
First is a Durham-based company that is developing a predictive analytics platform to automate the generation and distribution of timely leads based on life-event triggers. First is able to predict when and why people are likely to move, enabling real estate professionals to reach future clients at the right time. Their unique approach combines the benefits of human judgment with the scalability of automation. Read more about the financing and the founders’ back story.
ChannelAdvisor Co-founder & Executive Chairman, Scot Wingo, recently compiled his list of Triangle “Tweeners.” Wingo defines these as ‘post early stage’ companies with $1-50M in revenue and headcount of 10-500. The goal of his list is to provide a resource for inbound tech executives to consider joining. Among the list of Triangle “Tweeners” are IDEA Fund Partners portfolio companies Axial Exchange, Pendo, WedPics and Windsor Circle, as well as recently acquired Automated Insights.
If you were in attendance at the 2015 IRCE, you likely saw the bold, kelly green pants sported by Windsor Circle associates and attending retailers. Windsor Circle gave away nearly 300 pairs of the pants to conference goers. Why green pants, you ask? Andrew Pearson, VP of Marketing, says the company’s green pants stand out from the crowd– something they help their online retailer clients do through their retention and brand loyalty-focused marketing programs.
Despite fears of physical retailers that they would become obsolete as shoppers moved to ecommerce purchases, it turns out that the majority of shoppers still prefer to make their purchases in a physical store. As the number of shoppers using their mobile device in the store increases, the question has become how to better engage these customers. Columbus, OH based furniture retailer American Signature is working with CloudTags to provide customized tablets to provide product features, reviews, availability and delivery dates, as well as related online-only products. “Customers in the journey didn’t love any furniture shopping in any furniture store,” said Stephen Haffer, CIO and EVP at American Signature, based in Columbus, Ohio. “The whole experience was broken. We wanted to make buying furniture easier.” After using the tablets for several months, American Signature has seen exciting results – 95% of customer emails collected via the tablet were previously unknown and the average post-visit order value was 20% that non-tablet users.