Online video platform specialist Kaltura has secured US$50 million (€45 million) in pre-IPO funding from Goldman Sachs’ Private Capital Investing group.
Kaltura said it would use the capital to extend its footprint globally. Holger Staude, vice-president in Goldman Sachs’ Private Capital Investing group, will join Kaltura’s board of directors.
Kaltura provides a range of video products for monetization for media companies, enterprise video and education as well as its API-based video platform.
“Video is booming. It is the favorite data type for communication, collaboration, teaching & learning, marketing, and entertainment. Kaltura is in a unique position to capitalize on this huge market opportunity since it provides the broadest set of video products and capabilities to customers across all industries. We are excited to be working with Goldman Sachs as we continue our journey to videofy companies and organizations all around the world,” said Ron Yekutiel, Kaltura Chairman and CEO.
“Kaltura has developed market-leading technology with a flexible architecture that stands out to us as a strong and sustainable advantage,” said Hillel Moerman, Co-Head of Goldman Sachs’ Private Capital Investing group. “Kaltura has an impressive roster of marquee customers across a large and diversified set of markets and an experienced management team that has demonstrated excellence, agility, and leadership.”