Kaltura raises US$47m for expansion

Online video platform provider Kaltura has raised US$47 million (€34 million) in funding, which it will use to “accelerate product development” and to expand into Brazil, Mexico, China, Japan, Australia, Singapore, and Korea.

The new funding round was led new investors SAP Ventures, Nokia Growth Partners, Commonfund Capital, and Brazil-based Gera Ventures. Return backers .406 Ventures, Nexus Venture Partners, Intel Capital, Mitsui & Co Global Investment and Silicon Valley Bank also contributed.

“Following our success in North America and Europe, we started addressing Asia Pacific and Latin America and were met by explosive demand. We will continue to grow our operations in all four regions this year, as well as further accelerate our product development,” said Kaltura chairman and CEO Ron Yekutiel.

“Upcoming releases include advanced live, OTT, analytics, and monetization solutions for media companies and service providers; webcasting capabilities for enterprises; and lecture capture capabilities for educational institutions.”

Kaltura said the new funding comes on the back of “massive growth” and that its customers include leading media companies like HBO, ABC, Warner Brothers, Paramount, DirecTV, Turner, and Wikipedia.

Tags: Kaltura

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