Qwilt develops cloud-managed software that accelerates live video and VOD broadcasts, reduces latency, and optimizes network traffic by open caching content near centers of consumer demand. Its solution is cloud-based, can be operated from any location, and integrates with existing infrastructure. The product is already integrated into Cisco solutions as part of a strategic partnership announced last year. The company plans to use new funding to accelerate technology development, support global expansion, and increase marketing and R&D efforts. Qwilt expects to add roughly 150 employees, including about 100 programming positions based in Israel. The recent investment and partnership with Cisco are intended to help service providers monetize edge cloud infrastructure and improve streaming and on-demand services. Qwilt provides open caching, video delivery and analytics technologies deployed at the subscriber edge, marketed as the Qwilt Video Fabric. The Video Fabric optimizes streaming video delivery to relieve operator network congestion and improve viewer quality. Founded in 2010 and based in Redwood City, CA, the company is led by CEO Alon Maor. Qwilt intends to use new funding to scale operations, accelerate its go-to-market strategy and support network operator deployments worldwide. The company also plans to enhance and extend its flagship open cache product. Prior to this round the company had raised a total of $65M. Qwilt is a Redwood City, Calif.-based provider of an online video delivery and transparent caching platform. Its flagship product, the Qwilt QB-Series Video Fabric Controller, combines transparent caching, video delivery and analytics to optimize delivery of streaming video content and relieve network traffic congestion for operators. The company was founded in 2010 by Alon Maor, who serves as CEO. Qwilt raised $16M in a Series C financing. The company intends to use the funds to expand its international sales and engineering teams. The article also notes the company is hiring. Qwilt builds network video-infrastructure technology that enables Internet-service providers to identify, monitor, store and deliver online video more efficiently and cost-effectively. Founded in 2010 by veterans of Cisco Systems and Juniper Networks, the company spent two years in stealth before emerging. Its technology creates a universal video delivery layer that integrates transparently without changes to content-provider or carrier infrastructures. Qwilt is testing products in the US, Asia and Europe and plans to launch in the first half of 2012. The company has raised $24 million in two funding rounds and will use the proceeds to scale its sales and engineering teams. The article cites market context—video already represents about 40% of Internet traffic and is projected to grow substantially—supporting demand for Qwilt’s solution.

Total raised

$135M

Funding rounds

4

Latest round

Equity

Latest activity

Sep 2021