Video technology provider Kaltura announced a $50 million investment from Goldman Sachs’ Private Capital Investing group today.
The New York-based company plans to use the funding to expand across all six continents to further its position as the leading provider of video content for an array of markets and use-cases.
"Video is booming. It is the favorite 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. "We are excited to be working with Goldman Sachs as we continue our journey to videofy companies and organizations all around the world."
Kaltura’s mission is to power any video experience. They offer a range of out-of-the-box video products as well as a flexible and modular API-based video platform for developers, partners and customers looking to create custom products. Their solutions include OTT TV and Video Monetization Solutions, Enterprise Video Solutions, Education Video Solutions, Video-Platform-as-a-service, and a Partner and Channel network.
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