Qwilt Raises $24 Million for ISP Video Cache

Qwilt, a start-up based in Redwood Shores, California, has raised $24 million in two rounds of funding for its development of video infrastructure products. The company’s mission is to help Internet Service Providers to more efficiently and cost-effectively deliver high-quality video to their customers from sources like Netflix, YouTube and Amazon. The platform will identify, monitor, store and deliver Internet video. Product specifics have not yet been disclosed.

Qwilt’s funding comes from Accel Partners, Redpoint Ventures, Crescent Point Group and other investors. The company, founded in 2010 by veterans of Cisco Systems and Juniper Networks.
http://www.qwilt.com

• Qwilt is headed by Alon Maor, who previously was at Cisco where he oversaw the development and operations of the Service Control Engine (SCE) product line. Alon joined Cisco following the $200M acquisition of P-Cube.