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Kaltura Raises Additional $25 Million To Fuel Growth

The use of online video is on the rise as a key way for us to consume information and communicate across the enterprise. Viewing video is now a routine practice for most Internet users, with 46 percent saying they watch online video at least once a month. Now, one provider of enterprise video software is fueling this growth, with the company announcing new investments that bring its funding to a whopping $68.1 million.

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Kaltura, a widely-recognized leader in the online video and enterprise software industry, has raised an additional $25 million to continue growing across the globe. The funding was secured from new investors Mitsui Global Investment and Orix Ventures, adding to Kaltura’s existing roster of investors: Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures. The startup, founded in 2006, has already raised an impressive $43.1 million in venture capital. With a solid presence in the Americas and a growing presence in Europe, Kaltura plans to use its new funds to finally expand in the Asia-Pacific region.

Kaltura offers a complete suite of commercial video applications, as well as an open-source development platform. Its enterprise video software platform allows companies all over the world to manage their own video libraries and use video to communicate internally with employees, no matter where they may be positioned. With enterprise software expected to be a $4.5 billion market by 2016—up from $800 million in 2011—businesses all over the country are either already using enterprise software to break down communication barriers, or they will be soon.

With Kaltura’s Software-as-a-Service (SaaS) platform, companies can build enterprise video sites for free. The company already boasts an impressive roster of clients, including media companies like Wikipedia, HBO, Warner Brothers, Paramount, and corporations such as Bank of America, Accenture, Nestle, and IKEA. Tech giant Groupon recently announced it will use the company’s software to communicate internally with its 12,000 employees.

As online video grows as a way for us to consume media, and enterprise technology rises in popularity among businesses, it stands to reason that Kaltura will only continue to succeed as it spreads internationally in the coming months. Keep your eye on this industry-disrupting startup revolutionizing how we work, learn, and entertain with online video.

Read the original article on Come Recommended. Copyright 2012. Follow Come Recommended on Twitter.
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