Kaltura Secures $20 Million Investment to Further Disrupt the Online Video Space

This week Kaltura announced that it has secured $20 million in new financing led by new investors Nexus Venture Partners, with participation from Intel Capital and existing investors .406 Ventures and Avalon Ventures, and technology lender Silicon Valley Bankers. The open source online video platform has been on a steady growth path over the last 18 months and boasts over 100,000 publishers in a variety of markets and verticals in media and entertainment, enterprise, education and service providers. Kaltura offers a SaaS solution, a complete self-hosted solution and a free community edition of their open source video platform.
I caught up with Yekutiel at NewTeeVee Live in November 2010, where he initially announced the C round funding with details to follow. We discussed Kaltura's 2010 year-end review, which for Kaltura was a phenomenal year of growth with 80,000 downloads of its code in 2010 alone, which he says is 60X all the other industry combined. Part of that growth is measured with Kaltura's Community edition, first released in 2009 at OSCON as a completely free and fully functional self-hosted version its video management platform. But Yekutiel pointed out that because Kaltura's platform can be easily adapted into other web systems. Yekutiel said that with implementations in web management systems like Drupal, Joomla or Wordpress and learning management systems Moodle, Sakai or Blackboard Kaltura's platform is not just one application, but a myriad of applications, all of which have different parts of Kaltura connected into them. Yekutiel noted that in regards to the $20 million C round investment, the new investors symbolized the power his company has as an open source vendor. Naren Gupta of Nexus Venture Partners called Kaltura, "a company that is hugely successful by combining the best technology with a powerful open source business model", and Maria Cirino of .406 Venture called Kaltura "a juggernaut" that is "led by a passionate group of world class entrepreneurs" and well positioned serve the ... Distributed by Tubemogul.

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