Open source video platform provider Kaltura raises $25 million

Open source video platform provider Kaltura had secured an additional $25 million of funding from new investors includingMitsui & Co. Global Investment and ORIX Ventures, with the participation of existing investors: Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures.

Kaltura offers complete suite of commercial video applications as well as an open-source development platform that includes hundreds of flexible and extendible APIs.

Over 150,000 web publishers, media companies, enterprises, educational institutions and service providers use Kaltura’s flexible platform to enhance their websites, web-services, and web-platforms with advanced video functionalities.

“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 was founded in 2006 by Yekutiel ( Chairman & CEO), Dr. Shay David (Chief Revenue Officer), Dr. Michal Tsur (President), and Eran Etam (CTO). The company is headquartered in New York, with offices in London and San Francisco, and an R&D center in Ramat Gan, Israel.

 

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