Kaltura Secures $47M
Kaltura, a New York, NY-based open source video platform, secured an additional $47m of funding.
The 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 company intends to use the funds to further accelerate product development, and extend operations into Brazil, Mexico, China, Japan, Australia, Singapore, and Korea.
Led by Ron Yekutiel, Chairman and CEO, Kaltura provides an open source online video platform that allows companies to simplify the creation of video experiences via video management, publishing, and monetization tools.
Customers include media companies such as HBO, ABC, Warner Brothers, Paramount, DirecTV, Turner, and Wikipedia, corporations such as Bank of America, Intel, SAP, Century 21, Ericsson, Danone, Discount Tire, Accenture, AstraZeneca, Groupon, Nestle, Philips and IKEA, and educational institutions such as Harvard, Yale, Stanford, Durham, Warwick, Princeton, Cornell, Columbia, California State University and NYU. Distributors and channel partners include Atos, InterCall, Blackboard, Desire2Learn, Ellemedia, and Cognos Online.
The company also has more than 50,000 community members at http://www.kaltura.org.