Welcome!

Eclipse Authors: Pat Romanski, Elizabeth White, Liz McMillan, David H Deans, JP Morgenthal

News Feed Item

Kaltura Raises $25 Million to Fuel Its Rapid Growth and Continue Its Global Expansion

With Wide Industry Recognition, Kaltura's Unique Open Source Video Platform Continues to Disrupt the Market, Revolutionizing How People Work, Learn and Entertain With Online Video

NEW YORK, NY -- (Marketwire) -- 11/20/12 -- Kaltura, the leading open source video platform, announced today that it had secured an additional $25 million of funding from new investors Mitsui & Co. Global Investment, Inc. and ORIX Ventures, with existing investors Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures participating. With a leading position in the Americas, and growing presence in Europe, Kaltura is now also setting its sights on the Asia-Pacific region.

Recently recognized in Forbes as 'one of the six fastest growing tech companies,' in VentureBeat as a 'next billion dollar enterprise tech company,' in Business-Insider as 'one of top 5 startups revolutionizing education' and 'one of 5 greatest open-source technologies for 2012,' and in Mashable as 'one of top 5 social enterprise technologies for business,' Kaltura has rapidly become a game-changer in the online video space.

Kaltura offers the industry's most complete suite of commercial video applications (http://www.kaltura.com) as well as an open-source (http://www.kaltura.org) development platform that includes hundreds of flexible and extendible APIs. Kaltura's applications and platform enable video workflows, including ingestion, transcoding, management, distribution, publishing, engagement, monetization, and extensive analytics. Kaltura offers out-of-the-box video solutions and products including, for example, a standalone video management console, a private YouTube-like video portal, and online-video plug-ins for popular content management systems such as Drupal, SharePoint, Blackboard, Moodle, and Sakai. The platform, supported by a large global developer community of more than 40,000 members, also powers tens of off-the-shelf reference applications and hundreds of plugins, which can be found in the Kaltura Exchange. The Kaltura platform and its applications can be deployed either on-premise or on any public or private cloud (including Kaltura's own SaaS cloud), and are supported on any device including PCs, tablets, smartphones, set-top-boxes and connected devices.

Kaltura's offerings touch hundreds of millions of viewers, employees, and students, through deployments in more than 300,000 organizations, including leading media companies such as Wikipedia, HBO, Warner Brothers, Paramount, Glam Media, BlogHer, Mevio, Gogo Internet; leading corporations such as SAP, Accenture, Bank of America, AstraZeneca, Groupon, Zappos, Nestle, and IKEA; Government agencies such as NASA, The European Television Guild, and the White House; and educational institutions such as Harvard, Yale, MIT, Stanford, Princeton, Cornell, Columbia, and NYU. Kaltura sells products and services directly to organizations, as well as via distributors and OEMs, such as InterCall and Blackboard.

Media companies use Kaltura to increase revenue through greater reach and engagement, and to reduce costs by streamlining their video operations. Enterprises use Kaltura to enhance training and onboarding, to increase productivity and collaboration, and to improve marketing and boost sales, all while reducing the cost of communication. Educational institutions use Kaltura to improve teaching and learning in the classroom and beyond, to increase student and alumni engagement, and to boost marketing and support the admissions process.

"Kaltura has emerged as the leader in flexible video delivery designed for the cloud. What fuels the company's hyper growth is our flexible platform, which enables us to launch integrated products that transcend us beyond the traditional online video platform space into other large industries such as Education Technology and Enterprise Collaboration," said Ron Yekutiel, Kaltura Chairman and CEO. "We intend to use this new funding to expand our product offering, and to grow into additional industries and geographies."

"We are delighted to join Kaltura and help its expansion into the APAC region," said Kenichi Kimura, President & CEO at Mitsui & Co. Global Investment, Inc. "We looked for our first investment opportunity in the EdTech sector and were very interested in joining Kaltura, one of the most prominent players. The fact that Kaltura is a leading provider beyond education -- in media, enterprise, and government -- makes this even more exciting for us."

"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 has demonstrated impressive growth, with the company continuing to outpace the industry," said Lisa Lambert, vice president of Intel Capital and managing director of the Software and Services sector. "We are delighted to continue backing this exciting company."

About Kaltura
Kaltura provides the world's first Open Source Online Video Platform, transforming the way people work, learn, and entertain using online video. The Kaltura platform engages hundreds of millions of viewers by providing media companies advanced video management, publishing, and monetization tools that increase their reach and monetization and simplify their video operations. Kaltura improves productivity and interaction among millions of employees by providing enterprises powerful online video tools for boosting internal knowledge sharing, training, and collaboration, and for more effective marketing. Kaltura offers next generation learning for millions of students and teachers by providing educational institutions disruptive online video solutions for improved teaching, learning, and increased engagement across campuses and beyond. Kaltura was recently recognized in Forbes as 'one of the six fastest growing tech companies,' in VentureBeat as a 'Next Billion Dollar Enterprise Tech Company,' in Business-Insider as 'one of top 5 startups revolutionizing education' and 'one of 5 greatest open-source technologies for 2012,' and in Mashable as 'one of top 5 social enterprise technologies for business.' For more information: www.kaltura.com, to join Kaltura's community visit: www.kaltura.org and www.html5video.org.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Lisa Bennett
Kaltura
(212) 981-3965
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Digital Transformation (DX) is not a "one-size-fits all" strategy. Each organization needs to develop its own unique, long-term DX plan. It must do so by realizing that we now live in a data-driven age, and that technologies such as Cloud Computing, Big Data, the IoT, Cognitive Computing, and Blockchain are only tools. In her general session at 21st Cloud Expo, Rebecca Wanta explained how the strategy must focus on DX and include a commitment from top management to create great IT jobs, monitor ...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
"Digital transformation - what we knew about it in the past has been redefined. Automation is going to play such a huge role in that because the culture, the technology, and the business operations are being shifted now," stated Brian Boeggeman, VP of Alliances & Partnerships at Ayehu, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...