Thursday, August 1, 2013

Qwilt has 40 Customers and 10 Trials; Raised $16M

Qwilt [here] announced it has ".. closed a $16 million Series C funding round led by Bessemer Venture Partners, with contributions from its current investors, Accel Partners, Redpoint Ventures and Marker LLC. The new funding brings the company’s total capital raised to $40 million [see previous funding here]

The new investment will be used to expand its international sales and engineering teams to meet global network operator demand for its flagship product, the Qwilt QB-Series Video Fabric Controller [see"Qwilt Unveils Transparent-video Delivery Solution" - here] ".
In an interview to Asaf Gilad, Calcalist [here, Hebrew] Qwilt's CEO, Alon Maor [pictured], said that the " serves 40 operators [see "Qwilt Adds 5 Transparent Caching Customers" - here], and conducts trials with 10 large operators in Europe, US, Japan and South Korea [see "Qwilt CEO Expects Full-Scale Deployments in Japan and Korea During 2013" - here]. Qwilt does not handle P2P file sharing traffic or illegal content"

"Qwilt created a new market from scratch, using a cloud based, out-of-the-box solution, available anywhere in the world", adds Alon. 

See "Qwilt Nets $16M in New Funding to Optimize Online Video Delivery" - here.

1 comment:

  1. So do they have customers, trials or just stories to tell.

    I wounder why anyone would invest in ISP caching product there is Squid for free...