Online video platform Kaltura has raised $47 million, bringing its total capital raised to date to approximately $100 million. The round was led by new investors SAP Ventures, Nokia Growth Partners, Commonfund Capital and Gera Ventures, along with participation from existing investors. Kaltura plans to use the new funding for product development and to expand internationally in Brazil, Mexico, China, Japan, Australia, Singapore and Korea.
Kaltura operates in 3 verticals, media, education and enterprise. Media customers include HBO, ABC, Warner Bros., Paramount, DirecTV and others. In late 2013, Kaltura introduced its Kaltura MediaGo product, which allows content providers and smaller pay-TV operators to set up their own subscription VOD services. Education customers include Harvard, Yale, Stanford, NYU and others; enterprise customers include Bank of America, Intel, SAP, Ericsson and others.
Kaltura chairman and CEO Ron Yekutiel noted in the announcement that initial rollouts in Asia Pacific and Latin America were "met by explosive demand." In 2014, Kaltura will address all 4 of its regional targets. Ron cited product development priorities in the 3 verticals as follows: advanced live, OTT, analytics and monetization (media), webcasting (enterprise) and lecture capture (education).
Categories: Deals & Financings