New York – June 12, 2019 --Dstillery, the leading custom audience solutions partner for agencies and brands, today announced that it has secured $5.9 million in funding, led by NewSpring Capital. Additional investors in this round include USVP, Venrock and Contour Venture Partners.
Building upon strong growth in its Audience Data business since it launched last year, Dstillery will invest to increase its sales and marketing activity, extend its portfolio of innovative audience solutions, expand partnerships with industry leading platforms such as The Trade Desk, Tremor and AppNexus, and enhance its team.
Most recently, Charlie Oppenheimer, seasoned technology CEO and former Apple product executive, joined Dstillery as Executive Chairman to help accelerate Dstillery’s go-to-market initiatives.
“As consumer engagement continues to fragment across devices and media channels, agencies and brands face the seemingly insurmountable task of breaking through the noise and engaging the right audiences,” said Michael Beebe [pictured], Dstillery’s CEO. “That’s why we’ve seen huge growth in demand for our Custom AI Audiences. With more than 11 years of applying advanced machine learning and AI to activating audiences in programmatic campaigns, we’ve mastered the craft of building the industry’s best performing audiences which provide the best combination of precision and scale.” More...