Video technology provider Kaltura has secured $50 million in pre-IPO funding from Goldman Sachs’ Private Capital Investing group.
Kaltura says it will use the capital to extend its footprint worldwide.
Holger Staude, Vice President in Goldman Sachs’ Private Capital Investing group, joins Kaltura’s board of directors.
“Video is booming. It is the favourite data type for communication, collaboration, teaching & learning, marketing, and entertainment. Kaltura is in a unique position to capitalize on this huge market opportunity since it provides the broadest set of video products and capabilities to customers across all industries” said Ron Yekutiel, Kaltura Chairman and CEO.
Kaltura offers both a package of out-of-the-box video products. It’s OTT range has been picked up by companies including Viacom, Vodafone, HBO, ABC, Turner, Warner Brothers and Paramount.
