Kaltura, the New York based open-source online video platform provider has raised $25 million in Series D funding round from its existing investors Mumbai-based Nexus Venture Partners, Intel Capital, 406 Ventures, Avalon Ventures and from new investors Mitsui Global Investment and Orix Ventures.
The company said that it will use the funds raised to expand its operations into the Asia-Pacific market.
Kaltura was founded in 2006 by Ron Yekutiel, Dr. Michel Tsur, Dr. Shay David, and Eran Etam. The company is based in New York and has presence in the US and Europe. It provides an online video platform — Software as a Service (SaaS) solution, which includes video hosting, streaming, cross-platform delivery, transcoding, analytics, and support and maintenance services. It supports delivery on web, mobile, tablets and TV platforms, using Adobe Flash and Microsoft Silverlight, and has an HTML5 video library (http://www.html5video.org). Kaltura is an open source platform, unlike its competitors who mostly used proprietary technology. It openly provides APIs and source code to integrators for customization of their video applications. It is mainly supported by developers who collaboratively contribute in development of the platform.
The company claims that about 300,000 websites and organizations use its platform and that it has about 40,000 development community members. In February 2011, Kaltura had raised $20 million in a funding round led by new investors Nexus Venture Partners, with participation from Intel Capital and existing investors 406 Ventures and Avalon Ventures, and technology lender Silicon Valley Bank.
Kaltura already does business in India with Indian media company, The Times of India*. Their client list includes 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.
This year, Nexus Venture Partners (NVP) has invested in two Indian startups including Craftsvilla - an online marketplace for handmade, designer and gift items, and TalentSprint - a skill development and training company. Apart from that, NVP’s investment portfolio includes Indian startups such as Bigshoebazaar, Komli Media and Jasper (SnapDeal).
*Disclosure – Indiatimes is an advertiser with MediaNama