Qwilt Raises $24 Million for Video-Delivery System
"So much of the buzz about Internet video today is on the consumer side, around the incredible growth of services like Netflix and Hulu, which are feeding shows and movies to users on PCs and smartphones," said Tom Dyal, a veteran networking investor and partner at Redpoint Ventures who is a member of Qwilt's board. "But few people are talking about the enormous strain all this new content is putting on Internet providers - the companies forced to carry all this video through their overburdened pipes." Redpoint partners were early investors in Netflix.
Accel Partners