Cisco, Google Founder Back Qwilt

Online video delivery tech vendor Qwilt said Cisco Investments and a venture capital firm co-founded by Google Chairman Eric Schmidt are among the investors that participated in a $25 million funding round.

A $16 million investment from venture capital firm Disrupt-ive saw it lead Qwilt’s Series D funding round, which also included investments from Schmidt’s Innovation Endeavors and existing investors Accel Partners, Bessemer Venture Partners, Marker LLC and Redpoint Ventures.

Qwilt, whose customers include New Zealand telcos Slingshot and Orcon, and Singapore-based fiber broadband operator ViewQwest, said it has raised more than $65 million since it was founded in 2010. It markets a software-based video caching solution designed to help cable operators, telcos and mobile providers deliver over-the-top video programming.

“Since we launched just a few years ago with a vision to solve the streaming video problem for network operators, the strategic value of open caching has been broadly embraced as a crucial part of the new network architecture that is required to scale online video for the future,” Qwilt chief Alon Maor said in Thursday’s announcement.