Distil Networks Raises $10 Million

Distil Networks today announced that it had raised $10M in new funding co-led by Bullet Time Ventures and Foundry Group, with participation from IDEA Fund Partners and other current investors. Distil Networks has raised nearly $13M in funding since its founding in 2011.¬†“With the nature of our product, we are always going to have to direct a lot of resources to R&D and engineering,” said Co-founder and CEO Rami Essaid. “It’s an arms race we’re going to have to stay on top of.” In conjunction with the funding announcement, the company also announced the opening of a new office in San Francisco.

Read the full article from News & Observer