Nexus Ventures-backed online video management startup Kaltura raises $25M
Open Office-based online video platform Kaltura Inc, has raised $25 million in Series D from Mitsui Global Investment and Orix Ventures, with participation from existing investors Intel Capital, 406 Ventures, Avalon Ventures and India-based Nexus Venture Partners.
The New York-based startup, which has presence in the US and Europe, will use the money to expand into the Asia-Pacific market, its chairman and CEO Ron Yekutiel said.
Founded in 2007, Kaltura offers free open source platforms that allow enterprises to manage, distribute, publish, engage, monetise, and analyse video content. Its video solutions and products include a standalone video management console, a private YouTube-like video portal and online-video plug-ins for popular content management systems such as SharePoint, Blackboard, Moodle, etc. Its customers can deploy the platforms on Kaltura's own SaaS Cloud and is supported on PCs, tablets, smartphones, set-top-boxes and connected devices.
Kaltura claimes that its platforms are used by more than 300,000 organisations, including Wikipedia, HBO, Warner Brothers, Paramount, Accenture, Bank of America, AstraZeneca, Groupon, NASA etc.
In February this year, Kaltura raised $20 million in a funding round led by Nexus Venture Partners and Silicon Valley Bank, with participation from Intel Capital and existing investors 406 Ventures and Avalon Ventures. The company's clients include Indian media company, Bennett Coleman & Company Ltd. Kaltura competes with US-based video platforms Brightcove and Ooyala, Paris-based Kewego and London-based Vzaar and Octopus Media Trechnology.
Mumbai and Bangalore-based Nexus Venture Partners recently invested in a number of internet and media startups, that include Komli Media, Pubmatic, Salorix, SnapDeal, Unmetric and OLX.
(Edited by Prem Udayabhanu)