Wednesday, February 22, 2012

IDEA Fund Partners announces investment in Distil

IDEA Fund Partners, a venture capital firm providing seed and early stage financing to technology companies throughout the Southeast and Mid-Atlantic regions, is pleased to announce its recent investment in Distil,Inc., an innovative cloud-based Content Protection Network (CPN). Investing alongside CIT GAP Funds and TechStars, the $400,000 investment will enable the company to accelerate product development and expand sales and marketing efforts.

Based in Falls Church, Virginia, Distil is a software-as-a-service CPN with deep ties to North Carolina State University, where three of the company’s four founders graduated. Distil helps companies protect their web content by making real-time decisions and seamlessly distinguishing human visitors from malicious bots. Distil’s algorithms mitigate against scraped content, improving SEO ranking and helping websites retain more visitors.

Distil makes adoption easy. With a single configuration change, Distil’s clients are up and running in minutes. Additionally, each client has the ability to adjust every aspect of the service to meet their specific traffic needs, ensuring there are no false positives. Finally, Distil’s reporting will show what was caught, who it was, and what they were after; allowing clients to find new ways to monetize their content.

We are very excited to welcome Distil to the IDEA Fund Partners family and are eager to work closely with their team to help build a great company,” said Lister Delgado, General Partner at IDEA Fund Partners. “Distil’s approach to content security for the cloud is very impressive and unique. They are entering a very hot market at a great point in time.”

In conjunction with the investment in Distil, IDEA Fund Partners General Partner Lister Delgado will join the board.