Qwilt Takes in $16M in Series C Funding
Transparent caching specialist Qwilt announced today that it has taken in $16 million in Series C funding. The round was led by Bessemer Venture Partners, with participation by previous investors Accel Partners, Redpoint Ventures, and Marker LLC. To date, Qwilt has raised $40 million in investments.
Citing strong global network operator demand for the Qwilt QB-Series Video Fabric Controller, the company says it will use this funding to grow its international sales and engineering teams. The purpose of Qwilt's Video Fabric is to deliver high volumes of video traffic from the subscriber edge, offering strong reliability. The QB-Series Video Fabric Controller analyzes video traffic on operator networks, storing trending titles at the edge in order to relieve congestion and deliver a smoother viewing experience. The company says its delivery system is able to scale as demand for OTT video grows.
According to Alon Maor, Qwilt's CEO and co-founder, this latest round of funding validates the momentum the company is enjoying, as well as its approach. Qwilt will continue to scale its operations in order to serve customers worldwide.
Maor was a featured speaker at the 2012 Content Delivery Summit in New York City. Watch his presentation on the evolution of transparent video caching.
Live online video is popular, but the experience is often sub-par. Qwilt aims to change that with a shared stream solution.
The best way to scale effectively, says a Content Delivery Summit presentation, is to combine CDN and transparent caching.