Open source video platform Kaltura today announced it has secured $25 million of Series D funding, led by new investors Mitsui & Co. Global Investment Inc. and Orix Ventures. Existing investors Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures also participated.
This brings the company’s total funding to about $68 million. Kaltura said the new investment will enable its planned expansion to the Asia-Pacific region, in addition to supporting its continued growth in Europe.
Kaltura provides easy-to-use video management, publishing and monetization tools that can be utilized in many ways, from private in-house players up to pages aimed at millions of people.
Kaltura counts more than 300,000 organizations among its customers, including Wikipedia, HBO, Warner Bros., Paramount, Glam Media, Blogher, SAP, Zappos, Nestle, Ikea, NASA, and educational institutions like Harvard, Yale, MIT, Stanford, Princeton, Cornell, Columbia, and NYU.
“As growth stage technology investors, we analyze a lot of companies in the enterprise software space in search of the best investments,” said Jeff Bede at Orix Ventures. “Kaltura clearly stands out with its breadth of offerings, strong customer traction, cross-industry appeal, and overall disruptive vision for the delivery of video in our lives. We are thrilled to have joined Kaltura.”
Kaltura – http://corp.kaltura.com
Kaltura – press release
Business Insider – Kaltura Raises Additional $25 Million To Fuel Growth