In the News: Coverage of the Funding
Rebecca Rozakis
A quick round-up of some of the coverage of our latest funding round:
The New York Times:
Video Software Maker Kaltura Raises $50 Million From Goldman
Kaltura, which makes software that allows users such as companies and universities to upload and share video over the web, has raised $50 million from Goldman Sachs’s private capital investing group.
Kaltura plans to announce this latest round of fund-raising on Monday, without disclosing its most recent valuation. The financing is intended to be Kaltura’s last before it pursues an initial public offering. Before this financing round, Kaltura had raised $115 million from 13 investors, according to data from CrunchBase.
Fast Company:
This video company might be New York City’s next big tech IPO
“Video is booming,” says Ron Yekutiel, chairman and CEO of Kaltura.
That’s good news for Yekutiel and his New York-based startup, which offers web publishers tools for managing video content. Kaltura announced today that it has raised $50 million from Goldman Sachs, bringing its total funding to $165 million, and is preparing for an IPO.
Read the rest of the article here.
Streaming Media:
Kaltura Takes $50M in Pre-IPO Funding From Goldman Sachs
Online video platform Kaltura announced that it has taken $50 million from Goldman Sachs, in what it calls pre-IPO funding. The funds will go toward expanding the company’s current efforts, rather that launching anything new. While this is pre-IPO funding, don’t expect that IPO right away.
Read the rest of the article here.