Kaltura gains $47MN in fresh funding for international expansion

Gabriel Miramar-Garcia | 12-02-2014

Kaltura, developer of a video streaming and editing platform, has secured an additional US$47 million of funding, which it will use to further accelerate product development and extend operations into Brazil, Mexico, China, Japan, Australia, Singapore and Korea.

The financing round was led by new investors SAP Ventures, Nokia Growth Partners, Commonfund Capital and Brazil-based Gera Ventures, with participation from existing investors .406 Ventures, Nexus Venture Partners, Intel Capital, Mitsui & Co Global Investment Inc and Silicon Valley Bank.

"The rapid adoption of our technology around the globe is a testament to the central role that video plays in every facet of our connected lives," said Ron Yekutiel, Kaltura chairman and CEO. "We are proud to enable and streamline the creation of hundreds of video-enabled applications and workflows, and to assist hundreds of millions of people to improve the way they work, learn, collaborate and entertain using video."

"Following our success in North America and Europe, we started addressing Asia Pacific and Latin America and were met by explosive demand," added Yekutiel. "We will continue to grow our operations in all four regions this year, as well as further accelerate our product development. Upcoming releases include advanced live, OTT, analytics, and monetisation solutions for media companies and service providers, webcasting capabilities for enterprises, and lecture capture capabilities for educational institutions."

Added Leila Orenstein, partner at Gera Ventures: "Kaltura has shown great traction in Latin America already, and we expect that to grow significantly now with this new backing and expansion in the region."