Qwilt Raises $24M in Two Rounds of Funding
Qwilt Inc., a Redwood Shores, Calif.-based provider of video-infrastructure products for the online-entertainment market, has raised $24m in two rounds of funding.
Backers include Accel Partners, Redpoint Ventures, Crescent Point Group and Rob Glaser, the founder and former CEO of digital-media company RealNetworks Inc.
Co-founded in 2010 by CEO Alon Maor, Gloria Yaron, Yuval Shahar and Dan Sahar, the company provides Internet-service providers with technology that identifies, monitors, stores and delivers Internet video through one platform.
Qwilt is now testing its products with five global carriers and is hiring (read here).
The company’s board includes:
- CEO Alon Maor
- Chairman Yuval Shahar,
- Co-founder Giora Yaron,
- Tom Dyal, partner at Redpoint Ventures,
- Richard Wong, partner at Accel Partners,
- Ohad Finkelstein, partner at Crescent Point, and
Qwilt also has sales offices in Europe.