Kaltura Raises $20 Million in Series A Funding

New York, New York – Kaltura, an open-source provider of online video platform has raised $ 20 M of series A funding new investors Nexus Venture Partners and Intel Capital and with the support of existing investors .406 Ventures, Avalon Ventures, and Silicon Valley Bank.

“Kaltura is disrupting the online video space in a similar way to how open-source Red Hat™ and MySQL™ have disrupted their fields of operating systems and databases,” said Ron Yekutiel, Kaltura Chairman & CEO. “We are honored to have gained the support of Intel Capital and Nexus Venture Partners who have played an important role in the success of these two open-source giants. Kaltura’s financial success and the premium investors that it attracts demonstrate once again that there is indeed no dissonance between doing good, and doing well.”