Wednesday, July 31, 2013

Qwilt Finds $16M For Video Caching Technology

Redwood City-based Qwilt announced Tuesday that it has raised $16M in a funding round. The Series C funding was led by Bessemer Venture Partners, and also included Accel Partners, Redpoint Ventures and Marker LLC. Qwilt is developing online video caching and delivery products, helping cable, broadband, and mobile service providers more efficiently deliver video to their customers. The firm said it has now raised $40M. The new round goes towards its international sales and engineering teams. More information »