Kaltura raises $25M for online video management
Kaltura, an open office-based online video platform, has pulled in $25 million in Series D financing from new investors Mitsui Global Investment and Orix Ventures and existing investors Intel Capital, 406 Ventures, Avalon Ventures and Nexus Venture Partners. The new investment comes on top of a $20 million funding round led by Nexus and Silicon Valley Bank in February of this year.
Kaltura said it will use the new money to expand its presence beyond the United States and Europe and into the Asia-Pacific market.
Kaltura offers free open source platforms so enterprises can "manage, distribute, publish, engage, monetize and analyze video content," according to VC Circle. Its product portfolio includes a standalone video management console, private video portal and online video plug-ins for popular content management systems. The platforms can be deployed on Kaltura's SaaS cloud and are supported on PCs, tablets, smartphones, set-top boxes and connected devices.
Founded in 2007, Kaltura says more than 300,000 organizations use its platform, including Wikipedia, HBO, Warner Bros., Paramount, Accenture, Bank of America, AstraZeneca, Groupon and NASA.
- VC Circle has this story