Kaltura Explained

Kaltura, Inc.
Type:Public
Traded As:NASDAQ:
Area Served:Worldwide
Key People:Ron Yekutiel (co-founder, chairman, CEO)
Industry:Video SaaS
Products:Virtual event, Online video platform, Educational technology, CloudTV, Enterprise software
Revenue:$175.2 Million (2023)[1]
Num Employees:569 (July 2024)
Footnotes:[2] [3] [4] [5]
Location City:New York City, New York
Location Country:US

Kaltura, Inc. is a New York-based software company founded in 2006.[6] It operates in several major markets: webinars and virtual events, enterprise video content management and online video platform (OVP), educational technology (virtual classroom), and Cloud TV software, and offers products such as video portal, LMS and CMS extension, virtual event and webinar platform, and TV streaming app.

History

Kaltura was founded in the fall of 2006 and was launched at the TechCrunch40 industry event in San Francisco on September 18, 2007. At that time, the company had 20 employees, and had received $2.1 million in funding from business angels and Californian VC fund Avalon Ventures.[7] [8]

In 2007, Kaltura began a partnership with the New York Public Library, whose team was headed by Joshua Greenberg, to enhance online rich media in the library's digital collection.

In January 2008, the Wikimedia Foundation and Kaltura announced that they had begun a collaboration aimed at bringing rich-media to Wikipedia and other wiki websites.[9] The technology behind this project is a form of video-wiki software (of open source purport) that was integrated into the MediaWiki platform as an extension, allowing users to add collaborative video players that enable all users to add and edit images, sounds, diagrams, animations and movies in the same manner as they do today with text.[10] [11]

Kaltura was a sponsor of the Wikimania 2008 event, where it announced that it is sponsoring Michael Dale, a video developer, to support the further development of a 100% open source video editing solution integrated into MediaWiki.[12] Kaltura is also a founder of the Open Video Alliance, a group of organizations, academics, artists and entrepreneurs, geared towards promoting open standards for video on the web.[13] [14]

Apart from serving educational institutes like Harvard, Yale, NYU, and others, Kaltura also helps media companies and telcos like Vodafone, Watch Brasil, and Bouygues Telecom, as well as enterprises like Oracle, SAP, Intel, Bank of America, and AT&T.

From 2010-present

In July 2011, Blackboard Inc. and Kaltura announced a partnership to integrate Kaltura's media solution in Blackboard Learn (TM) in a bid to offer rich media tools to educational institutions.[15]

In May 2014, Kaltura purchased pay TV service Tvinci to widen its scope of video solutions to include over-the-top (OTT) TV capabilities.[16] In August 2016, Kaltura announced that it had raised $50 million from Goldman Sachs.[17] Also in 2016, Kaltura partnered with Inception, 24i Media, Encompass and Harmonic to showcase OTT experiences.[18] In 2019, Kaltura crossed $100 million in annual recurring revenues (ARR).[19]

Kaltura' solutions and APIs all rest on their proprietary online video platform, offering advanced video management, publishing, and monetization capabilities as well as tools for internal knowledge sharing, learning, training, collaboration, and marketing.[20] Kaltura built use-case-centric applications for business, media, and education to facilitate the integration of video into specific workflows, from an open, API-focused architecture. The company reportedly had a community of 160,000 registered developers (2018).[21]

In April 2019, Kaltura announced its intention to develop Cloud TV with Dativa through a dedicated data lake.[22] [23]

In early 2020 Kaltura announced its acquisition of Newrow, a platform for collaborative online meetings. The integration of Newrow's real-time communication capabilities into Kaltura's video asset management and live broadcast/webcast technology paved the way for a single comprehensive solution to power customers' multiple video needs.[24]

In July 2021, Kaltura launched a $150 million IPO, listing on the Nasdaq under the symbol KLTR. In the 12 months leading up to the IPO, Kaltura booked $132 million in revenue.[25]

In May 2022, Kaltura officially launched Kaltura Events, a virtual events platform with modules for event creation and management, as well as event performance measurement (analytics), and event management automation features.[26]

In November 2022, Kaltura launched Kaltura Webinars, a cloud-based platform aimed at making webinars easy to create and manage for marketers and webinar program managers.[27]

In 2023, Kaltura started integrating generative AI capabilities into its digital experience solutions to enrich content, search and discovery, interactivity, and analytics.[28]

In 2024, they announced the release of Class Genie, an AI-powered agent that creates hyper-personalized learning experiences for students, based on their individual preferences, engagement patterns, and past interactions, and drawing exclusively from their institution’s trusted knowledge base. [29] At the annual content and technology convention IBC 2024 Kaltura introduced their new Generative AI capabilities for streaming services, enabling the production of high-quality content at lower costs. [30]

Kaltura currently has offices in Israel, Singapore, the United Kingdom, and the United States.[31]

Awards & recognition

Notes and References

  1. Web site: Kaltura stock profile.
  2. Web site: Christine. Lagorio-Chafkin. How Kaltura Went From Free-Spirited Collaboration Tool to the Future of Online Video. September 18, 2016. Inc.. February 14, 2014.
  3. Web site: Todd. Longwell. OTT Tech Provider Kaltura Scores $50M in Pre-IPO Funding. August 24, 2016. videoink.
  4. Web site: Ron Yekutiel interview on Startup Camel Podcast. February 28, 2015. Startup Camel. August 1, 2017. https://web.archive.org/web/20170801145405/http://startupcamel.com/ep-62-ron-yakutiel-kaltura/. dead.
  5. Web site: Kaltura Co-Founder and President Dr. Michal Tsur Talks About Her Start-Ups. April 10, 2014 . August 24, 2016. Jewish Business News.
  6. Web site: Conversation with Kaltura Founder Ron Yekutiel . CenterNetworks .
  7. Mark Hendrickson: Kaltura Wins Spot as 40th Company at TechCrunch40 TechCrunch, September 18, 2007
  8. Web site: Open Web Awards: Final Winners Announced!. December 21, 2007. Mashable.
  9. https://wikimediafoundation.org/wiki/Wikipedia_Invites_Users_to_Take_Part_in_Open%2C_Collaborative_Video_Experiment Wikipedia Invites Users to Take Part in Open, Collaborative Video Experiment
  10. Web site: Sawers. Paul. 2012-11-08. Wikipedia Launches its HTML5 Video Player. 2020-11-23. The Next Web. en-us.
  11. Web site: 2012-11-09. Wikipedia Gains a New Video Player, Thanks to Kaltura. 2021-02-23. Streaming Media Magazine. en-US.
  12. Web site: Joanie Dale says . Kaltura sponsors Michael Dale, open source video developer — Wikimedia blog . Blog.wikimedia.org . July 23, 2008 . September 13, 2013.
  13. Open Source Threatens to Disrupt, Expand Online Video Market. en-us. Wired. 2021-02-23. 1059-1028.
  14. Web site: 2011-07-14. BLACKBOARD : and Kaltura Partner to Offer Rich-Media Tools to Educational Institutions. 2021-03-23. www.marketscreener.com. en.
  15. Web site: Blackboard and Kaltura Partner to Offer Rich-Media Tools to Educational Institutions. 2021-03-08. www.marketscreener.com. July 14, 2011 . en.
  16. Tom Cheredar: Kaltura buys Tvinci to become the Swiss army knife of video platforms VentureBeat, May 1, 2014
  17. Web site: Open-source video platform Kaltura raises $50M from Goldman Sachs, confirms plans to IPO. August 8, 2016. VentureBeat.
  18. Web site: 2016-09-07. Kaltura in VR Alliance. 2021-03-08. Broadband TV News. en-GB.
  19. Web site: The $100M ARR club welcomes four new members. TechCrunch. January 22, 2020 . en-US. 2020-02-23.
  20. Web site: GitHub Kaltura .
  21. Web site: Create and publish video with open source Kaltura editor . opensource.com . Don Watkins . 13 September 2018.
  22. https://www.broadbandtvnews.com/2019/04/09/kaltura-teams-up-with-dativa-for-cloud-tv-services/ Kaltura teams up with Dativa for cloud TV services
  23. https://www.globenewswire.com/news-release/2019/04/09/1799807/0/en/Kaltura-and-Dativa-Enter-Strategic-Partnership-to-Develop-Industry-First-Cloud-TV-Data-Lake.html Kaltura and Dativa Enter Strategic Partnership to Develop Industry First Cloud TV Data Lake
  24. Web site: Kaltura Expands Enterprise Capabilities with Newrow Acquisition. January 23, 2020.
  25. Web site: Video SaaS provider Kaltura relaunches $150 million IPO . nasdaq.com . Renaissance Capital . 12 July 2021.
  26. Web site: Kaltura Expands Virtual Events Platform . 11 May 2022.
  27. Web site: Kaltura Launches a Unique New Experience for Webinars .
  28. Web site: Kaltura released a new report . martechcube.com.
  29. Web site: Kaltura launches video AI-powered Class Genie for personalized student learning experiences . Emma Stokes .
  30. Web site: Kaltura to Debut New GenAI Features for Streaming Services at IBC2024 .
  31. Web site: Christine. Lagorio-Chafkin. How Kaltura Went From Free-Spirited Collaboration Tool to the Future of Online Video. September 18, 2016. Inc.. February 14, 2014.
  32. Web site: Gartner Magic Quadrant for Enterprise Video Content Management .
  33. Web site: 20 Tech Innovators to Watch in 2018. Kerpen. Dave. 2017-09-11. Inc.com. 2020-03-30.
  34. Web site: Critical Capabilities for Enterprise Video Content Management . gartner.com . 26 March 2019.
  35. Web site: The $100M ARR club welcomes four new members. TechCrunch. January 22, 2020 . en-US. 2020-03-30.
  36. Web site: Gartner Magic Quadrant for Meeting Solutions . gartner.com.
  37. Web site: Kaltura Included as a “Representative Vendor” in 2022 Gartner® Market Guide for Event Technology Platforms . finance.yahoo.com.
  38. Web site: LivePerson, Virgin Media, Papercup and Seismic are 2023 Digiday Technology Awards winners . digiday.com . 29 August 2023.
  39. Web site: Experian, Intuit Mailchimp and Rise are among this year’s Digiday Technology Awards finalists . digiday.com . 27 August 2024.
  40. Web site: Kaltura Earns Spot on G2’s 2024 Best Software Awards for Best Design Software as a Virtual Event Platform . finance.yahoo.com.

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