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Qwilt gets $24M infusion for video infrastructure

The point Qwilt is making about Netflix is that video has become a major source of traffic on the Web. To be precise, video now accounts for 40% of all Web traffic, and by 2015, it’s expected to constitute two-thirds of all traffic. When you consider not only the different types of video being streamed today but also the various devices on which we’re now watching video online, you can imagine that that would foist a heavy burden on the backs of the Internet service providers.