Nexus Invests In Kaltura – Open Source Video Platform Provider

Kaltura , an open source video platform provider has just announced that it has raised USD 20 million in an investment round led by Nexus Venture Partners. Intel Capital, .406 Ventures, Avalon Ventures and Silicon Valley Bank also invested in this round. It was founded in 2006, and is a founding member of the ‘ Open Video Alliance ’. Kaltura caters to companies across all sectors with focus on four verticals – media companies, enterprises, educational institutions, and service providers. Its users include the likes of Fox, Paramount, HBO, Warner Brothers, The Times of India, Best Buy, Texas Instruments, Coldwell Banker, MIT, Yale, Stanford, Princeton, NYU, Columbia University, and Siemens. It serves more than 1,00,000 publishers. Unlike proprietary vendors, Kaltura’s openly provides APIs and source codes which allows customers to own their workflows and design/develop their own rich media applications and plug-ins. Organizations use it to add customized video, photo and audio functionalities to their websites/ web services. It supports delivery to PCs, mobile devices. TV etc and embraces all related technologies like Microsoft Silverlight, Adobe Flash and HTML5. The company even has a marketplace – Kaltura Exchange . Ron Yekutiel, Kaltura Chairman & CEO said, “Kaltura is changing the game by tearing down the walled-garden approach around rich-media, fostering openness, embracing interoperability, and harnessing global innovation. The availability, flexibility, and extensibility of our system and the powerful community behind it are dramatically lowering the barrier for the creation and consumption of integrated rich-media, paving the way for a much richer web experience for all.” He also said that the company was ‘disrupting’ the online video space in the same way that Red Hat and MYSQL had in case of operating systems and databases. Naren Gupta from Nexus Venture Partners, who also serves on the Board of Directors of open-source leader Red Hat, said - “We constantly survey both the online-video and the open source markets for promising investments, so we were delighted to find in Kaltura a company that is hugely successful by combining the best technology with a powerful open source business model. Video is a powerful tool for enterprises and consumers and online video is rapidly being introduced into every website, web platform, and web service in the world. It is a fertile opportunity for a formidable success of an open-source leader like Kaltura.” Intel Capital announced the investment at the on-going Mobile World Congress in Barcelona, Spain. With a focus on enhancing rich media delivery to tablets, mobile phones and other connected devices – Read : Meego. While .406 Ventures described it as a ‘juggernaut’. REGISTER FOR WATSUMMIT – INDIA’S FLAGSHIP SUMMIT ON DIGITAL MEDIA REGISTER NOW! Related Posts Nexus Venture Partners To ‘Connect’ With Entrepreneurs Komli Media Raises $15 Million In Investment Round Led By Norwest Nexus Venture Partners Launches Seed Program – Nexus Seed Google Unveils Faster Chrome, Web Store and Chrome OS Pilot Google Ebooks Store Now Live With Over 3 Million Titles

[via WATBlog.com - Web, Advertising and Technology Blog in India]