Online video startup Qwilt raises $24 million
As consumers turn more to mobile devices to watch Internet video, the greater the burden that traffic places on wireless carriers and Internet service providers.
Qwilt, a provider of video-infrastructure products, aims to ease that burden by preparing networks for the expected explosion in Internet video traffic. The company announced today it has raised $24 million in two rounds of funding from Accel Partners, Redpoint Ventures, Crescent Point Group, and Real Networks founder Rob Glaser.
"The explosion of Internet video viewed through all types of Web-enabled devices, from smartphones to iPads, calls for new technology to help the consumer … Read more