New York-based, open-source software company, Kaltura, has heralded new investors who are contributing a cool 25 million dollars. Said new investors – Mitsui & Company Global Investment and ORIX Ventures – will now unite with current investors Nexus Venture Partners, .406 Ventures, Avalon Venture and Intel Capital (News - Alert).
Internet information site Wikipedia has recently announced that their online service will begin using video as part of its encyclopedia site, and Kaltura’s open source video program has been chosen to run the new HTML5 video player that will be available for Wikipedia’s videos.
Kaltura is hoping this newest influx of capital will allow them to expand more within North America, South America and Europe, as well as strengthen their hopes of soon expanding into Asia.
Wikipedia isn’t the only industry giant using Kaltura; some of the other companies using it include: NASA, HBO, Warner Brothers, and Paramount, among many others.
Ron Yekutiel, chairman and chief executive officer of Kaltura, sees the company’s flexible platform as its catalyst for growth.
“Kaltura has emerged as the leader in flexible video delivery designed for the cloud. 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,” he explained.
Of the new investments, he continued, “We intend to use this new funding to expand our product offering, and to grow into additional industries and geographies.”
Additionally, the company has raised more the $55 million since its origination back in 2006. The open-source video platform was developed to allow video publishers and content owners to be able to publish, manage, analyze and accrue money from their videos and other rich-media content. And since their video platform is open-sourced, it will allow any website to add video and rich-media content.
There are currently several products available from Kaltura; video players, video editors (including a collaborative video editor), a content manager, a WordPress plug-in, a Mediawiki extension and much more.
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Edited by Allison Boccamazzo