Deals

Kaltura raises $25M to dock its open source video platform in Asian market

Open source video platform Kaltura has raised $25 million.

Kaltura provides a framework for building enterprise level video applications. Developers can peruse a marketplace of “off-the-shelf” video apps, select the type of deployment and delivery, and include features such as sharing, rating, commenting, and integrations with social networks. The open source platform includes hundreds of APIs, and has a global developer community of more than 40,000 members.

There are also tools to manage all media and full support across mobile, connected TVs, browsers, and operating systems. The technology enables the entire workflow, including transcoding and processing, editing, management, publishing, hosting, and syndication, as well as collaboration, security, monetization, and analytic features.

Kaltura powers applications for more than 300,000 organizations across a range of industries, reaching hundreds of millions of viewers. Customers include media companies Wikipedia, HBO, Warner Brothers and Paramount, as well as corporations like Accenture, Bank of America, AstraZeneca, Groupon, Zappos, Nestle and Ikea, and government agencies. Educational organizations have also been quick to adopt Kaltura to power online learning initiatives.

With this hefty investment, Kaltura will bolster its European presence and enter the Asian-Pacfiic market. It was spearheaded by new investors Mitsui Global Investment and Orix Ventures, with participation from existing investors Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures. Kaltura was founded in 2006 and this is its fourth round of funding, brgingin the total amount raised to $68.1 million.

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