August 8, 2016

Open-source video platform Kaltura raises $50M, confirms plans to IPO

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Open-source video platform Kaltura has raised $50 million from Goldman Sachs, as the New York-based technology company finally confirmed its plans to go public.

Founded in 2006, Kaltura is a platform that allows media companies and publishers to manage, analyze, and monetize their online videos, and it offers a range of APIs, covering transcoding, distribution, and more.

Kaltura had raised around $115 million before this latest round of funding, including a $47 million round back in 2014, and the Israeli-born company has been on the watch-list for either a buyout or an IPO for several years. Reportssurfaced last October that Kaltura had hired Goldman Sachs…Read more on VentureBeat