AAA Cisco beds in with Qwilt

Cisco beds in with Qwilt

US-based online video delivery technology provider Qwilt closed its $25m series D round yesterday after securing funding from backers including Cisco Investments, a corporate venturing subsidiary of networking technology company Cisco.

Venture capital fund Disrupt-ive led the round, putting up $16m, while Innovation Endeavors, Accel Partners, Bessemer Venture Partners, Marker and Redpoint Ventures also contributed funding.

Qwilt offers a turnkey online video delivery system that incorporates open caching and analytics technology. It intends to use the cash to accelerate its go-to-market strategy, support network operator deployment and enhance its Qwilt Video Fabric open source software.

Alon Maor, CEO of Qwilt, said: “Since we launched just a few years ago with a vision to solve the streaming video problem for network operators, the strategic value of open caching has been broadly embraced as a crucial part of the new network architecture that is required to scale online video for the future.

“This new funding speeds our ability to scale the company and get our technology deployed faster. We are proud to be included in the impressive portfolios of these strategic investors.”

The company has now raised $65m since it was founded in 2010, its previous funding coming from Bessemer, Accel, Redpoint and Marker.

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