Kaltura, the New York based, open-source online video platform provider has secured an additional $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. The company’s clients include Indian media company, The Times of India*. Kaltura’s competitors include US based video platforms Brightcove and Ooyala, Paris based Kewego and London based Vzaar and Octopus Media Trechnology. Note that The Times of India (rather, Indiatimes) was previously using Ooyala, which raised funding last year.
With Intel Capital making an investment into the company, Kaltura will focus on video delivery on tablets and mobile phones running on Intel’s MeeGo mobile OS and for apps developed for its AppUp application store.
Kaltura’s online video streaming solutions have been deployed on over 100,000 publishers in various verticals with its focus mainly on media companies, enterprises, educational institutions and service providers. 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). Its clients include Fox, Paramount, HBO, Warner Brothers, The Times of India, Best Buy, Texas Instruments, Coldwell Banker, MIT, Yale, Stanford, Princeton, NYU, Columbia University, and Siemens.
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.
Nexus Venture Partners’ recent investments include Bigshoebazaar, Komli Media and Jasper (SnapDeal). It has also launched its seed stage funding program called “Nexus Seed” to fund entrepreneurs who are building Technology and Internet companies. Through the program, Nexus will invest Rs. 20 lakhs to 2 crores each in up to 50 companies over the next 5 years.
*Disclosure – Indiatimes is an advertiser with MediaNama
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