Kaltura wins $25m new backing
November 20, 2012 10.04 Europe/London By Julian Clover
Open source video platform provider Kaltura has secured an additional $25 million (€19.59 million) backing from investors including Mitsui Global Investment and Orix Ventures.
The two lined up with existing investors that include Intel Capital & Nexus Venture Partners. Kaltura is looking to increase its presence in the United States and Europe and expand into the Asia-Pacific region.
A European HQ was established in London in May.
“Kaltura has emerged as the leader in flexible video delivery designed for the cloud. What fuels the company’s hyper growth is our flexible platform, which enables us to launch integrated products that transcend us beyond the traditional online video platform space into other large industries such as Education Technology and Enterprise Collaboration” said Ron Yekutiel, Kaltura chairman and CEO.
“We intend to use this new funding to expand our product offering, and to grow into additional industries and geographies.”
Kaltura’s applications and platform enable video workflows, including ingestion, transcoding, management, distribution, publishing, engagement, monetization, and analytics.
Products include a standalone video management console, a private YouTube-like video portal, and online-video plug-ins for popular content management systems such as Drupal, SharePoint, Blackboard, Moodle and Sakai.