Qwilt, a 2 years old startup working so far in stealth mode, announced that it ".. has raised $24 million in two rounds of funding from Accel Partners, Redpoint Ventures, Crescent Point Group and other investors .. Qwilt’s products help ease the burden on carriers by providing technology that identifies, monitors, stores and delivers Internet video through one, cost-effective platform. The technology will also help carriers better monetize the video traffic they carry. Qwilt, which is headquartered in Silicon Valley and has sales offices in Europe, is now testing its products with five global carriers"
As you can seem, the information is pretty limited - as the CEO blog post (here) says - " .. we will keep our product under wraps at the moment".
Yuval Shahar (pictured), former CEO of P-Cube, the DPI vendor which was acquired by Cisco, forming the SCE product line, is Qwilt's Chairman of the Board and Co-founder.
See "Qwilt Raises $24 Million from Accel, Redpoint, Crescent Point for Pioneering Video Delivery System" - here.