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Kaltura secures $ 20 Million in funding
By siliconindia
Mumbai: Kaltura, open source video platform provider, secures an additional $ 20 million funding from the round raised by new investors, Nexus venture partners and Intel Capital along with the existing investors 406 Ventures, Avalon Ventures and technology lender, Silicon Valley Bank.
Kaltura is supposed to be the developer of first and only open source video platform provider. This technology has grown over 18 months and helped Kaltura eclipse combined publisher-base of all proprietary online video platforms such as Brightcove. Kaltura provides their products and services to companies across various sectors. With serving around 1 lakh publishers, Kaltura focuses on all the four major verticals like media companies, enterprises, educational institutions, and service providers.
Kaltura's clients include Fox, Paramount, HBO, Warner Brothers, The Times of India, Best Buy, Texas Instruments, Coldwell Banker, MIT, Yale, Stanford, Princeton, NYU, Columbia University, and Siemens.
Products of Kaltura is being used by organizations for enhancement of websites, web-services, or web-platforms with advanced customized video, photo and audio functionalities with media ingestion, encoding, management, publishing, delivery, distribution, engagement, monetization, and analysis. The platform supports delivery to PCs, mobile devices, tablets, TVs, and other connected devices, with expertise in all related technologies, including Adobe Flash and Microsoft Silverlight. Kaltura's HTML5 Video library has become an industry embraced by leaders such as Adobe and Wikipedia.
"Kaltura is disrupting the online video space in a similar way to how open-source Red Hat and MySQL have disrupted their fields of operating systems and databases," said Ron Yekutiel, Chairman and CEO, Kaltura. Intel Capital's investment will help enhance the delivery of 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.
"There is significant demand to facilitate the handling of online video on three screens within customized work-flows in tightly integrated applications," said Lisa Lambert, Vice President, Intel Capital. Kaltura's position makes it take full advantage of the opportunity.
