Kaltura, the open source video platform, has secured an additional $47 million of funding. The financing round was led by new investors SAP Ventures, Nokia Growth Partners, Commonfund Capital, and Brazil-based Gera Ventures with participation from existing investors .406 Ventures, Nexus Venture Partners, Intel Capital, Mitsui & Co. Global Investment and Silicon Valley Bank. Kaltura will use the additional capital to further accelerate product development, and extend operations into Brazil, Mexico, China, Japan, Australia, Singapore, and Korea.
“The rapid adoption of our technology around the globe is a testament to the central role that video plays in every facet of our connected lives. We are proud to enable and streamline the creation of hundreds of video-enabled applications and workflows, and to assist hundreds of millions of people to improve the way they work, learn, collaborate, and entertain using video,” said Ron Yekutiel, Kaltura Chairman and CEO.