Distil Networks raises $10 million

May 30
Cybersecurity
Arlington cloud firm raises $10 million

Arlington-based Internet cloud security provider Distil Networks has raised $10 million in early stage funding, the company announced last week.

Distil, which detects and blocks automated cyberthreats called “bots,” raised the funding round from investors including the Foundry Group and Techstars’ Bullet Time Ventures, among others.

“This round of funding will allow us to not only be proactive in combating new threats, but will allow us to grow the company and further expand upon our technology to make the web a safer place,” Rami Essaid, chief executive and co-founder of Distil Networks, said in a statement.

Founded in 2011, the 25-person company expects to double its head count in the next seven months, according to Distil.

— Mohana Ravindranath

Internet of Things
Software AG debuts product in Reston

Software AG, a Frankfurt, Germany-based firm whose North American headquarters are in Reston, has released a new product intended to manage data created by the Internet of Things — a term for a connected network of sensors and devices.

It’s the company’s first foray into the space. Software AG’s “Internet of Things Solutions Accelerator” displays real-time analytics involving information generated by connected devices.

The Washington area could be a particularly receptive market for this kind of software, said John Crupi, Software AG’s vice president of visual analytics.

Government contractors eager to reduce costs could use the software to manage data from disparate systems, he said.

Software AG, which has more than 5,000 employees in 70 countries, may hire more Internet of Things experts to support the new products, Crupi said.

— Mohana Ravindranath

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