Kaltura Receives $20m Financing

Kaltura, a New York-based provider of an open source online video platform, has received an equity investment from Intel Capital. $20m in financing.

The round was led by new investors Nexus Venture Partners with participation from Intel Capital, existing investors .406 Ventures and Avalon Ventures, and technology lender Silicon Valley Bank.
The company intends to use the new capital to enhance rich-media functionalities on tablets, mobile phones and other connected devices, with a special emphasis on supporting the MeeGo™ mobile operating system and Intel’s AppUp application store.
Led by Chairman, CEO & Co-founder Ron Yekutiel, Kaltura allows publishers of all sizes to easily and cost effectively enhance their web site with video and interactive rich-media functionalities, including video management, searching, uploading, importing, editing, annotating, remixing, sharing, and advertising.
Users include media and entertainment companies, enterprises, small- and medium-size businesses, educational institutions, service providers, platform vendors and system integrators. 
The company has offices in San Francisco, CA, London, UK, and R&D Headquarters in Ramat Gan, Israel.

Update (in Italic): 14/02/2011 5.29pm, London (UK) Time

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