Deals

Open-source video platform Kaltura scores $47M

Kaltura-Video-Platform-OTT
Image Credit: Via Kaltura

Kaltura, an open-source video platform, raised an additional $47 million in funding today.

The company’s platform is based on open-source software that enables its clients to host, publish, manage, monetize, and analyze video content. Kaltura offers a wide range of video products across several areas, including publishing, education, and enterprise. More recently, the company launched a new Media Go product that allows clients to create their own Netflix-like video portal across multiple devices.

Kaltura said it plans to use the new capital to expand its business internationally and continue product development.

SAP Ventures, Nokia Growth Partners, Commonfund Capital, and Gera Ventures led the new funding, with participation from existing investors 406 Ventures, Nexus Venture Partners, Intel Capital, Mitsui & Co. Global Investment, Inc., and Silicon Valley Bank.

Founded in 2006, the New York-based startup has raised a total of $115 million in funding to date. Its clients include HBO, TMZ, Zappos, and University of Virginia.