New York – Kaltura, the developer of an open source online
video platform, on Monday announced that it has secured $20 million in new
financing, led by new investor Nexus Venture Partners.
Intel Capital, Silicon
Valley Bank and previous backers .406 Ventures and Avalon Ventures also
participated.
Founded in 2006, New York-based Kaltura’s video platform is
currently used by over 100,000 media and entertainment companies, educational
institutions, platform vendors and others.
Customers include HBO, The Times of
India, MIT and Best Buy.
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