Kaltura to extend its worldwide footprint after $50m backing from Goldman Sachs
Global video specialists Kaltura, whose European headquarters are situated in Holborn, London, have secured $50m (approx. £3.8m) in funding from Goldman Sachs’ investing arm.
The pre-IPO investment in the tech firm, which has its global headquarters in New York, will be used to support Kaltura’s continued global expansion across six continents from its smattering of regional offices in cities such as Sao Paulo, Tokyo and Singapore.
Founded in 2006, the business provides a range of video products and services, positioning itself as the ‘Everything Video’ company which offers out-of-the-box video services to a wide array of industries and sectors.
It has also found success with its open video platform which helps clients, partners and customers develop their own videos.
Ron Yekutiel, Kaltura Chairman and Chief Executive Officer, commented: “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.
“We are excited to be working with Goldman Sachs as we continue our journey to videofy companies and organizations all around the world.”
Hillel Moerman, who is Co-Head of Goldman Sachs’ Private Capital Investing group, believes Kaltura’s ‘market-leading technology’ put it as a strong advantage over its competitors.
He added: “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.”
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