Open-Source Online Video Platform Provider, Kaltura, Secures $20 Million in New Funding

--Company Claims its Platform Is Serving over 100,000 Video Publishers

Open-source online video platform provider, Kaltura, said Monday that it has secured an additional $20 million in a funding round that was led by new investor, Nexus Venture Partners, and that also saw the participation of Intel Capital, existing investors .406 Ventures and Avalon Ventures, and technology lender Silicon Valley Bank.

Kaltura claims that its open-source video management platform has grown rapidly over the past 18 months and is now "the most widely adopted solution in the market, far eclipsing the combined publisher-base of all proprietary online video platforms such as Brightcove." According to the company, the platform serves over 100,000 publishers in four main verticals: media companies, enterprises, educational institutions and service providers. Customers include Fox, Paramount, HBO, Warner Bros., The Times of India, Best Buy, Texas Instruments, Coldwell Banker, MIT, Yale, Stanford, Princeton, NYU, Columbia University and Siemens. Kaltura says that those customers use its platform to enhance their Web sites, Web services or Web platforms with advanced customized video, photo and audio functionality that includes rich-media ingestion, encoding, management, publishing, delivery, distribution, engagement, monetization and analysis. The platform supports delivery to TV's, PC's, mobile devices, tablets and other connected devices, the company says, and is compatible with such technologies as Adobe Flash and Microsoft Silverlight. The company claims that its HTML5 video library has become "an industry standard, embraced by leaders such as Adobe and Wikipedia."

Kaltura claims to set itself apart from vendors of proprietary online video platforms by "openly providing" hundreds of API's and the entire source code of its platform, so as to allow customers, integrators and developers to customize their own workflows and develop their own distinct rich-media applications and plug-ins. It operates a marketplace called the Kaltura Exchange (exchange.kaltura.com), which it says "surfaces" these applications, along with ancillary products and services offered by third parties. The company claims that its platform and the Exchange are supported by an international developer community that numbers in the "many thousands." It also claims to offer the "widest range of deployment options possible," including allowing customers to subscribe to its platform as a hosted service (SaaS), license its commercial video management software for on-premises or cloud-based hosting, or use its Community Edition--available as a free download from its Web site--under the AGPL License. "Kaltura is disrupting the online video space in a similar way to how open-source Red Hat and MySQL have disrupted their fields of operating systems and databases," Kaltura chairman and CEO, Ron Yekutiel, said in a prepared statement. "We are honored to have gained the support of Intel Capital and Nexus Venture Partners who have played an important role in the success of these two open-source giants. Kaltura's financial success and the premium investors that it attracts demonstrate once again that there is indeed no dissonance between doing good, and doing well. Kaltura is changing the game by tearing down the walled-garden approach around rich-media, fostering openness, embracing interoperability, and harnessing global innovation. The availability, flexibility, and extensibility of our system and the powerful community behind it are dramatically lowering the barrier for the creation and consumption of integrated rich media, paving the way for a much richer Web experience for all."
 

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