# Qwilt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qwilt

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.qwilt.com
- Total disclosed funding: $64M
- Latest round: Series D (May 19, 2015)
- Investors on record: 8

## About

Qwilt Inc., based in the US, specializes in Open Edge Cloud technology, enabling service providers to enhance digital experiences through a distributed edge network with ultra-low latency.Founded in 2010 in Redwood City, US, Qwilt Inc. focuses on providing cloud technology solutions for service providers. The company has received funding through five rounds, with the most recent round being a Series E in September 2021, where it raised USD 70.00 mn led by Cisco Systems. Alon Maor serves as both the CEO and founder, leading the company toward innovative solutions in content delivery. Qwilt boasts a current valuation of USD 719.89 mn.Qwilt's primary offerings focus on its Open Edge Cloud technology, which enables service providers to deliver high-quality digital experiences through a distributed edge network. This solution incorporates over 2,000 embedded nodes globally, providing ultra-low latency and hyper-local performance for applications such as AI inference, immersive media, and interactive services. By utilizing a single, programmatic API, Qwilt aligns the value chain across content, application, and service providers, allowing them to enhance the quality and scale of digital content delivery. Notable clients include major telecommunications companies like Airtel, Comcast, and Vodafone, who implement Qwilt's solutions across markets in North America, Europe, Africa, and Latin America.Qwilt generates revenue primarily through partnerships with telecommunications and content service providers, leveraging a business-to-business (B2B) model. These partnerships typically involve the deployment of Qwilt's Open Edge Cloud solutions, which may include revenue structures based on service subscriptions or usage-based pricing. The company’s flagship services, such as its Open Caching technology, are integrated into its partners' networks to optimize content delivery and improve user quality of experience (QoE). As these partnerships expand, revenue streams are expected to grow through enhanced service capabilities and increased subscriber engagement across various regions, including India, the UK, and Latin America.In September 2021, Qwilt Inc. raised USD 70.00 mn in Series E funding led by Cisco Systems. This funding will be utilized to scale up product development, launch new services, and enhance sales and marketing efforts. The company plans to introduce new products and expand into additional markets, targeting regions with high growth potential. Specific details on upcoming product launches or targeted release dates have not been disclosed, but the focus remains on enhancing their edge cloud solutions to meet growing demand.

## Funding rounds

- Series D, May 19, 2015, $24M — Accel, Redpoint Ventures, Bessemer Venture Partners, Innovation Endeavors, Marker, Cisco Investments, Disruptive Technologies Venture Capital
- Series C, Jul 30, 2013, $16M — Accel, Redpoint Ventures, Bessemer Venture Partners, Marker
- Series B, Jul 14, 2011, $15M — Accel, Redpoint Ventures, Crescent Point, Marker
- Series A, Sep 13, 2010, $9.1M — Accel, Redpoint Ventures

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C, Series D
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C, Series D
- Crescent Point (https://capitalatlas.ai/funds/crescent-point) — Series B
- Marker (https://capitalatlas.ai/funds/marker) — Series B, Series C, Series D
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C, Series D
- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Series D
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series D
- Disruptive Technologies Venture Capital (https://capitalatlas.ai/funds/disruptive-technologies-venture-capital) — Series D