Qwilt Revenue, Valuation, Funding & Investors
Qwilt is valued at $800M as of September 2021, a 7.3x multiple on its last reported $109M revenue.
Last Qwilt valuation
$800M
Series E · Sep 2021
Last Qwilt funding round
$70M
Series E · Sep 2021
Qwilt revenue
$109M
Series E · Sep 2021
Key investors in Qwilt
Accel
Bessemer Venture Partners
Redpoint
Cisco Investments
Marker
Innovation Endeavors
About Qwilt
Qwilt is a Redwood City-headquartered edge cloud platform partnering with BT, Telecom Argentina, Telecom Italia, and Verizon to distribute media and applications at neighborhood perimeters globally. Founded in 2010, it pioneers the Open Caching initiative and co-establishes the Streaming Video Technology Alliance, fostering high-quality delivery via open architectures for content publishers and telcos.
Founded
2010
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Revenue
$109M (Sep 2021)
Valuation
$800M (Sep 2021)
Qwilt Valuation
Qwilt is currently valued at $800M, based on its Series E in September 2021.
The $70M round was led by Cisco Investments.
Qwilt valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2021 | Series E | $800M | 7.3x |
Qwilt Revenue
Qwilt's latest recorded revenue is $109M, as of its Series E in September 2021. At a $800M valuation, that implies a 7.3x revenue multiple.
Qwilt revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2021 | $109M | $800M | 7.3x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Qwilt Funding History
Qwilt has raised a total of $111M across 3 funding rounds.
Qwilt's first fundraising round was a $16M Series C in July 2013. The most recent completed round was a $70M Series E in September 2021.
Qwilt funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2021 | Series E | Cisco Investments (lead) | $70M | $800M | Qwilt is an Israeli company founded in 2010 that develops edge cloud platforms, open caching software, and cloud solutions to help internet service providers (ISPs) manage streaming media traffic, reduce latency, and build high-performing content delivery networks (CDNs) using edge computing. The company partners strategically with Cisco, integrating its technology into Cisco's solutions for live video, VOD, and other content delivery needs. Qwilt's CAPEX-free model with revenue sharing enables CSPs to improve service quality without significant financial risk. On September 22, 2021, Qwilt raised $70 million in a Series E funding round led by Cisco Investments, with participation from existing investors including Accel Partners, Bessemer Venture Partners, Digital Alpha, Disruptive, Innovation Endeavors, Marker, and Redpoint Ventures. Multiple sources report the round valued Qwilt at $800 million, bringing total funding to about $134 million. The investment supports global expansion, hiring around 150 new employees (primarily in Israel), enhanced marketing, R&D for mass-scale growth, and accelerating edge cloud CDN ambitions with service providers. Cisco's involvement underscores a deepened partnership to modernize content delivery, leveraging Qwilt's open caching with Cisco's edge compute infrastructure. The funding marks an inflection point for joint go-to-market efforts, targeting CSP monetization of edge cloud via improved streaming and on-demand services. Qwilt, a founding member of the Streaming Video Alliance and leader in open caching, operates development centers in Hod Hasharon, Israel, and Redwood City, California. |
| Jun 2015 | Series D | Disruptive Technologies Venture Capital (lead); Redpoint; Marker; Innovation Endeavors; Cisco Investments; Bessemer Venture Partners; Accel | $25M | - | Qwilt develops software for accelerating video streaming, reducing latency via open caching, integrated with partners like Cisco, Disney+, and telecoms including British Telecom and TIM Brazil. Cumulative funding to that later point was $134 million. |
| Jul 2013 | Series C | Bessemer Venture Partners (lead); Redpoint; Marker; Accel | $16M | - | Qwilt, a provider of online video delivery and transparent caching solutions, closed a $16 million Series C funding round on July 30, 2013, led by Bessemer Venture Partners with participation from Accel Partners, Redpoint Ventures, and Marker LLC. The round brought total capital raised to $40 million. Funds were allocated to expand international sales and engineering teams to address global network operator demand for the Qwilt QB-Series Video Fabric Controller. Alon Maor, CEO and co-founder, highlighted the investment as validation of Qwilt's approach to solving online video delivery challenges for network operators. The company aimed to enhance its product and scale operations for its growing global customer base. |
Who has invested in Qwilt?
7 investors have backed Qwilt across its funding rounds, including Accel, Bessemer Venture Partners, Redpoint, Cisco Investments, Marker and Innovation Endeavors.
Lead investors include Cisco Investments, Disruptive Technologies Venture Capital and Bessemer Venture Partners.
Qwilt Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 2 | Participant | Jul 2013 | |
| New York City, NY | 2 | Participant | Jul 2013 | |
| United States | 2 | Lead | Jun 2015 | |
| San Francisco, CA | 2 | Lead | Jul 2013 | |
| Palo Alto, CA | 2 | Participant | Jul 2013 | |
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Start Free TrialQwilt Competitors
Qwilt competitors include listed companies like Safie and Ucap Cloud Information, and private ones like LeCloud, Firework, OpenSpace and LiveKit.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Beijing | Private | - | - | $923M | - | |
| San Francisco, CA | Private | $280M | - | $750M | 2.7x | |
| San Francisco, CA | Private | - | - | $913M | - | |
| San Jose, CA | Private | $10M | - | $1B | - | |
 Japan | Publicly listed | $122M | $2M | $250M | 1.5x | |
| China | Publicly listed | $62M | $2M | $784M | 7.1x |
Qwilt Public Comps
Qwilt is still privately-owned, but its public comps include Ucap Cloud Information, Pexip, Backblaze, CANCOM, Wiit, Inspur, Whitefiber, Montnets, Net263 and Consensus Cloud.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $62M | $2M | 11.8x | 7.1x | 335.0x | - | |||
| $118M | $29M | 6.6x | 5.7x | 26.6x | 18.6x | |||
| $146M | $4M | 6.1x | 5.4x | 225.6x | 20.4x | |||
| $2B | $118M | 0.4x | 0.4x | 6.3x | 5.7x | |||
| $193M | $51M | 6.0x | 6.0x | 22.7x | 14.3x | |||
| $172M | ($31M) | 3.7x | 2.7x | (20.3x) | - | |||
| $79M | ($2M) | 12.1x | 7.9x | (412.2x) | 25.8x | |||
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
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Common questions about Qwilt
| When was Qwilt founded? | Qwilt was founded in 2010. |
| Where is Qwilt headquartered? | Qwilt is headquartered in San Francisco, CA, United States. |
| Is Qwilt publicly listed? | No, Qwilt is a private, VC-backed company. |
| What is Qwilt's valuation? | Qwilt was last valued at $800M in its Series E in September 2021. |
| How much funding has Qwilt raised? | Qwilt has raised $111M across 3 funding rounds. |
| What was Qwilt's last funding round? | Qwilt's last funding round was a $70M Series E in September 2021, led by Cisco Investments. |
| Who are Qwilt's investors? | Qwilt's investors include Redpoint, Marker, Cisco Investments, Bessemer Venture Partners, Accel, Innovation Endeavors and Disruptive Technologies Venture Capital. |
| What is Qwilt's revenue? | Qwilt's latest recorded revenue is $109M (September 2021). |
| What is Qwilt's revenue multiple? | Qwilt's latest valuation implies a 7.3x revenue multiple ($800M valuation on $109M of revenue). |
| Which companies are comparable to Qwilt? | Companies comparable to Qwilt include LeCloud, Firework, OpenSpace, LiveKit, Safie and Ucap Cloud Information. |
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