Israeli startup Kaltura raises $50 million

The startup has secured the pre-IPO funding from Goldman Sachs' Private Capital Investing group.
customer.players KALTURA
Israeli video technology provider Kaltura has secured a $50 million pre-IPO funding from Goldman Sachs’ Private Capital Investing group.
Kaltura was recently named ‘One of 2016’s 10 Most Innovative Companies in Video’ by FastCompany, and One of ’15 New York Tech Companies To Watch In 2016′ by Forbes.
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, Kaltura headquarters is in New York. Thecompany has offices in San Francisco and London. Its R&D center is in Israel.
Kaltura will use the capital for worldwide expansion and to further its unique positioning as the ‘Everything Video’ company – providing leading video products for an unprecedented array of markets and use-cases. Goldman Sachs’ Private Capital Investing group VP Holger Staude will be joining Kaltura’s board of directors.

Kaltura offers both a wide array of out-of-the-box video products for various industries, as well as a flexible and modular API-based video platform for developers, partners, and customers that are looking to create their own custom video products.

“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.”

The funding comes on the heels of yet another strong year, which further cemented Kaltura as a market leader, as reaffirmed by industry analysts including Gartner, Forrester Research, Wainhouse Research and others

 

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DR MICHAL TSUR

– The video creation company is reportedly worth up to $1 billion. – – Kaltura Inc. co-founder and president Dr. Michal Tsur was completing her doctorate at New York University when a high-school friend proposed More…

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