Video solutions for website developer Kaltura Inc.has raised $25 million led by Japan's new investor, Mitsui & Co. Global Investment Ltd.. Current investors, including Intel Capital, Avalon Ventures, SVB Financial, Nexus Venture Partners, 406 Ventures, and private investors also participated in the round. According to IVC, Kaltura has raised $60 million to date.
Mitsui has invested in several Israeli companies, including Kaminario Ltd., eyesight Mobile Technologies Ltd., and Valens Semiconductor Ltd.
Kaltura was founded in 2006 by chairman and CEO Ron Yekutiel, president Dr. Michal Tsur, chief revenue officer Dr. Shay David, and VP R&D Eran Etam. The company's open source online video platform enables anyone to upload video, images, or sound onto a website, and offers encryption, management distribution, and rich media content analysis capabilities. The platform supports all computers and mobile devices, including smartphones and tablets.
Kaltura is headquartered in New York City, its R&D center is in Ramat Gan, and it has offices in San Francisco and London.
Kaltura is a prominent player in the video management systems market. Its 150,000 customers include Fox Television, HBO, Warner Brothers, Paramount Pictures, Wikipedia, AOL, and Groupon Inc. (Nasdaq: GRPN), as well as Harvard, Yale, and other universities. According to IVC, the company had $65 million revenue this year. "Forbes" named it one of the six fastest growing technology companies in the US.
Published by Globes [online], Israel business news - www.globes-online.com - on November 20, 2012
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