Thursday, June 25, 2015

Qwilt Raised $25M; Has 50 Customers

Inbal Orpaz reports to TheMarker that "Qwilt raised additional $25M in its 4th round, bringing the total investments to date in the caching company to $67M [see Aug '13 "Qwilt has 40 Customers and 10 Trials; Raised $16M" - here] ... Qwilt has 100 employees and plans now to add 30 to its Israeli R&D center". 

Estimates are that the company valuation is $200M, the revenues in 2014 were several tens of $millions, expected to be doubled this year. The company said that in 2014 its revenues grew by 400%.  

Qwilt has 50 customers [see CallPlus, ViewQwest. kbro. Toyama. Mediacom], including the largest ISPs, and installed 80 new devices during 2014"

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