Kaltura, the open source video platform that’s powering Wikipedia’s new HTML5 player, has announced a new $25 million funding round from new investors which include Mitsui & Co. Global Investment and ORIX Ventures, with participation from existing investors which include Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures.
Kaltura was founded in New York back in 2006, and it offers a platform for publishers to manage, monetize and analyze their online videos.
F**k it, we'll do it live!
Our biggest ever edition of TNW Conference is fast approaching! Join 10,000 tech leaders this May in Amsterdam.
Earlier this month, we reported that after a 5-year beta period, Wikipedia was finally moving into the video era with a new HTML5 player. The online encyclopedia started working with Kaltura way back in 2008, and with this full public roll-out, editors can now collaborate on video-based Wiki articles using Kaltura’s suite of tools.
Indeed, Kaltura offers a slew of commercial video apps and an open source development platform which includes a myriad of APIs, covering transcoding (converting from one video format to another), management, distribution, publishing, monetization and more.
In the wake of its latest investment round, Kaltura will be looking to grow across the Americas and Europe, and is also setting its sights on the Asia-Pacific (APAC) region.
“Kaltura has emerged as the leader in flexible video delivery designed for the cloud,” explains Ron Yekutiel, Kaltura Chairman and CEO. “What fuels the company’s hyper growth is our flexible platform, which enables us to launch integrated products that transcend us beyond the traditional online video platform space into other large industries such as education technology and enterprise collaboration. We intend to use this new funding to expand our product offering, and to grow into additional industries and geographies.”
However, Wikipedia isn’t the only big-name brand Kaltura is powering. Its technology has also been deployed across HBO, Warner Bros., Paramount, NASA and others. And its platform is supported by a global developer community of more than 40,000 members.
Kaltura has now raised $55 million in total since its inception six years ago, with its last round nabbing the company $20m way back in February 2011.
Feature Image Credit – Thinkstock