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Kaltura Raises $25 Million to Fuel Its Rapid Growth and

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.  
Lisa Bennett 
Kaltura
(212) 981-3965
lisa.bennett@kaltura.com 
 
 
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