Qwilt, a Redwood City, CA-based provider of open caching and online video delivery solutions, closed a $25m Series D funding round.
The round was led by Disrupt-ive (with a $16m investment), with participation from Eric Schmidt’s Innovation Endeavors, Cisco Investments, Accel Partners, Bessemer Venture Partners, Marker LLC and Redpoint Ventures.
The company, which has raised $65m in total, intends to use the funds to scale operations, including the acceleration of its go-to-market strategy, support for network operator deployments worldwide and enhancement and extension of its flagship open cache product, the Qwilt Video Fabric solution.
Founded in 2010 and led by Alon Maor, CEO, Qwilt addresses the impact of OTT video on operator networks with a solution that combines open caching, video delivery and analytics technologies deployed at the subscriber edge. The Qwilt Video Fabric optimizes delivery of streaming video content to relieve network traffic congestion for operators and deliver a higher quality viewing experience for customers.