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Today, open-source video platform Kaltura announced a $20 million round of funding led by new investors Nexus Venture Partners with participation from Intel Capital, existing investors .406 Ventures and Avalon Ventures, and technology lender Silicon Valley Bank.
Altogether, the company has raised $27.5 million since its 2007 Series A.
Currently, the startup says it serves more than 100,000 publishers, including media companies, enterprises, educational institutions and service providers.
Its users include such big-name entities as Fox, Paramount, HBO, Warner Brothers, Best Buy, Texas Instruments, Coldwell Banker, MIT, Yale, Stanford, Princeton, NYU, Columbia University and Siemens. These clients use the platform to enhance their web-based and mobile offerings with custom multimedia features.
The company hosts an app and plugin marketplace called the Kaltura Exchange, and its HTML5 media library has also been a recent focus.
The startup’s CEO, Ron Yekutiel, said in a release that the company’s open-source mission isn’t at all at odds with its capitalistic goals — something other open-source entrepreneurs such as WordPress founder Matt Mullenweg are also quick to point out in interviews.
Yekutiel said, “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. We are honored to have gained the support of Intel Capital and Nexus Venture Partners, who have played an important role in the success of these two open-source giants.
“Kaltura’s financial success and the premium investors that it attracts demonstrate once again that there is indeed no dissonance between doing good and doing well.”
Today, open-source video platform Kaltura announced a $20 million round of funding led by new investors Nexus Venture Partners with participation from Intel Capital, existing investors .406 Ventures and Avalon Ventures, and technology lender Silicon Valley Bank.Altogether, the company has raised $27.5 million since its 2007 Series A.
Currently, the startup says it serves more than 100,000 publishers, including media companies, enterprises, educational institutions and service providers.
Its users include such big-name entities as Fox, Paramount, HBO, Warner Brothers, Best Buy, Texas Instruments, Coldwell Banker, MIT, Yale, Stanford, Princeton, NYU, Columbia University and Siemens. These clients use the platform to enhance their web-based and mobile offerings with custom multimedia features.
The company hosts an app and plugin marketplace called the Kaltura Exchange, and its HTML5 media library has also been a recent focus.
The startup’s CEO, Ron Yekutiel, said in a release that the company’s open-source mission isn’t at all at odds with its capitalistic goals — something other open-source entrepreneurs such as WordPress founder Matt Mullenweg are also quick to point out in interviews.
Yekutiel said, “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. We are honored to have gained the support of Intel Capital and Nexus Venture Partners, who have played an important role in the success of these two open-source giants.
“Kaltura’s financial success and the premium investors that it attracts demonstrate once again that there is indeed no dissonance between doing good and doing well.”
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