Caching and online video delivery solutions provider Qwilt is celebrating a $25 million cash injection in the form of a Series D strategic funding that the company will use to scale its activities to Tier 1 operators. The round was led by $16 million from Disrupt-ive and there was other cash from Google chairman Eric Schmidt’s Innovation Endeavors and continued funding from Cisco Investments. Existing investors Accel Partners, Bessemer Venture Partners, Marker LLC and Redpoint Ventures also contributed to the round, bringing Qwilt’s total capital raised to $65 million.
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