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Video technology provider Kaltura has secured a $50 million (€45.1m) pre-IPO funding from Goldman Sachs’ Private Capital Investing group. Kaltura will use the additional capital to extend its footprint across all six continents, and to further its positioning as the ‘Everything Video’ company – providing leading video products for an unprecedented array of markets and use-cases. Holger Staude, Vice President in Goldman Sachs’ Private Capital Investing group, will be joining Kaltura’s board of directors.
“Video is booming. It is the favourite data type for communication, collaboration, teaching and learning, marketing, and entertainment. Kaltura is in a unique position to capitalise 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. “We are excited to be working with Goldman Sachs as we continue our journey to videofy companies and organisations all around the world.”
“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.”
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.