Leading video technology startup Kaltura said it has raised a $50 million pre-IPO funding round from Goldman Sachs Private Capital Investing group. The funds will be used to extend Kaltura’s global footprint.
New York-based Kaltura is an open-source video platform that enhances websites with customized video, photo, and audio functionalities. It enables organizations to easily deploy applications that involve video creation, ingestion, publishing, management, syndication, engagement, monetization, and analysis.
The company was founded in 2006 by Shay David, Ron Yekutiel, Eran Etam and Michal Tsur, a seasoned team of Israeli serial entrepreneurs. The company has previously raised $116 million in various funding rounds from investors including Nokia, Mitsui & Co., and others.
“Video is booming. It is the favorite data type for communication, collaboration, teaching & learning, marketing, and entertainment. Kaltura is in a unique position to capitalize on this huge market opportunity since it provides the broadest set of video products and capabilities to customers across all industries” said Ron Yekutiel, Kaltura chairman and CEO.
“Kaltura has developed market-leading technology with a flexible architecture that stands out to us as a strong and sustainable advantage,” said Hillel Moerman, co-head of Goldman Sachs Private Capital Investing group. “Kaltura has an impressive roster of marquee customers across a large and diversified set of markets and an experienced management team that has demonstrated excellence, agility, and leadership.”
Holger Staude, vice president in Goldman Sachs’ Private Capital Investing group, will be joining Kaltura’s board of directors.
Kaltura offers a wide array of out-of-the-box video products for various industries, and a flexible and modular API-based video platform for developers, partners, and customers that are looking to create their own custom video products.
A recognized leader in the OTT TV (Over the Top TV), OVP (Online Video Platform), EdVP (Education Video Platform) and EVP (Enterprise Video Platform) markets, Kaltura has emerged as the fastest growing video platform, and as the one with the widest use-case and appeal.
Kaltura is deployed globally in thousands of enterprises, media companies, service providers and educational institutions and engages hundreds of millions of viewers at home, in work, and at school. The company is committed to its core values of openness, flexibility, and collaboration, and is the initiator and backer of the world’s leading open-source video-management project, which is home to more than 100,000 community members.
Photo: Ron Yekutiel, Chairman and CEO of Kaltura.