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OTT TV Startup Kaltura Secures $50 Million Investment from Goldman Sachs

OTT TV Startup Kaltura Secures $50 Million Investment from Goldman Sachs Image Credit: Kaltura

Kaltura, the leading video technology provider, announced that it has secured a $50 million pre-IPO funding from Goldman Sachs’ Private Capital Investing group. Kaltura plans to use the additional capital to extend its footprint across all six continents. Holger Staude, Vice President in Goldman Sachs’ Private Capital Investing group, will be joining Kaltura’s board of directors.

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.

Kaltura’s solutions include OTT TV and Video Monetization Solutions for media companies, operators, service providers and content owners. Kulture said that leading companies such as Viacom, Vodafone, HBO, ABC, Turner, Warner Brothers, and Paramount use Kaltura’s video solutions to enhance their video monetization, manage their online video services, and engage their audience on every device.

Ron Yekutiel, Kaltura Chairman and CEO
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.

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.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

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