Kaltura, the open source video platform, has secured an additional $47 million of funding. The financing round was led by new investors SAP Ventures, Nokia Growth Partners, Commonfund Capital, and Brazil-based Gera Ventures with participation from existing investors .406 Ventures, Nexus Venture Partners, Intel Capital, Mitsui & Co. Global Investment, Inc., and Silicon Valley Bank. Kaltura will use the additional capital to further accelerate product development, and extend operations into Brazil, Mexico, China, Japan, Australia, Singapore, and Korea.
The funding comes on the heels of an impressive year, which further cemented Kaltura as a market leader, as reaffirmed by leading analysts such as Gartner and Forrester, and as recognized by leading publications. Kaltura was recently named ‘One of 10 Wildly Successful Startups’ by Inc. Magazine, ‘One of 5 Companies That Made Media Consumption Smarter This Year’ by Forbes, and ‘One of 5 Companies That Transformed Enterprise Communication in 2013’ and ‘One of Top 5 Startups Revolutionizing Education’ by Business Insider.
“The rapid adoption of our technology around the globe is a testament to the central role that video plays in every facet of our connected lives. We are proud to enable and streamline the creation of hundreds of video-enabled applications and workflows, and to assist hundreds of millions of people to improve the way they work, learn, collaborate, and entertain using video,” says Ron Yekutiel, Kaltura Chairman and CEO.