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Kaltura

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Kaltura, Inc.
Company typePublic
Nasdaq: KLTR
IndustryVideo SaaS
Founded2006; 18 years ago (2006)
Founder
Headquarters
New York City, New York
,
US
Area served
Worldwide
Key people
Ron Yekutiel (co-founder, chairman, CEO)
ProductsVirtual event, Online video platform, Educational technology, CloudTV, Enterprise software
RevenueIncrease$175.2 Million (2023)[1]
Number of employees
569 (July 2024)
Websitekaltura.com
Footnotes / references
[2][3][4][5]

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

[edit]

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

[edit]

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.[2]

Awards & recognition

[edit]
  • In 2007: People's Choice award in the Video Sharing category for the Mashable Open Web Awards[8]
  • In 2018, Kaltura was positioned as Leader in the Gartner Magic Quadrant for Enterprise Video Content Management[31]
  • In 2018, Inc. named Kaltura as one of "20 Tech Innovators to Watch".[32]
  • In March 2019, Kaltura ranked highest in all four enterprise video management use cases in the Gartner 2019 Critical Capabilities for Enterprise Video Content Management Report[33]
  • In 2020, Kaltura was added to TechCrunch's "$100 million ARR club", a list of companies that exceed $100 million in annual recurring revenue (ARR).[34]
  • In October 2021, Kaltura was positioned as a Visionary in the Gartner Magic Quadrant for Meetings Solutions[35]
  • In June 2022, Kaltura was included as a "Representative Vendor" in the Gartner Market Guide for Event Technology Platforms[36]
  • In September 2023, Kaltura won Best Event Platform at the Digiday Technology Awards 2023[37]
  • In August 2024, Kaltura won Best Video Management Platform at the Digiday Technology Awards 2024[38]
  • In 2024, Kaltura was named to G2 Crowd's 2024 best software awards, both as a virtual event platform and education software[39]

References

[edit]
  1. ^ "Kaltura stock profile".
  2. ^ a b Lagorio-Chafkin, Christine (February 14, 2014). "How Kaltura Went From Free-Spirited Collaboration Tool to the Future of Online Video". Inc. Retrieved September 18, 2016.
  3. ^ Longwell, Todd. "OTT Tech Provider Kaltura Scores $50M in Pre-IPO Funding". videoink. Retrieved August 24, 2016.
  4. ^ "Ron Yekutiel interview on Startup Camel Podcast". Startup Camel. Archived from the original on August 1, 2017. Retrieved February 28, 2015.{{cite web}}: CS1 maint: unfit URL (link)
  5. ^ "Kaltura Co-Founder and President Dr. Michal Tsur Talks About Her Start-Ups". Jewish Business News. April 10, 2014. Retrieved August 24, 2016.
  6. ^ "Conversation with Kaltura Founder Ron Yekutiel". CenterNetworks.
  7. ^ Mark Hendrickson: Kaltura Wins Spot as 40th Company at TechCrunch40 TechCrunch, September 18, 2007
  8. ^ a b "Open Web Awards: Final Winners Announced!". Mashable. December 21, 2007.
  9. ^ Wikipedia Invites Users to Take Part in Open, Collaborative Video Experiment Archived January 8, 2017, at the Wayback Machine. Wikimedia press release, January 17, 2008
  10. ^ Sawers, Paul (November 8, 2012). "Wikipedia Launches its HTML5 Video Player". The Next Web. Retrieved November 23, 2020.
  11. ^ "Wikipedia Gains a New Video Player, Thanks to Kaltura". Streaming Media Magazine. November 9, 2012. Retrieved February 23, 2021.
  12. ^ Joanie Dale says (July 23, 2008). "Kaltura sponsors Michael Dale, open source video developer — Wikimedia blog". Blog.wikimedia.org. Retrieved September 13, 2013.
  13. ^ "Open Source Threatens to Disrupt, Expand Online Video Market". Wired. ISSN 1059-1028. Retrieved February 23, 2021.
  14. ^ "BLACKBOARD : and Kaltura Partner to Offer Rich-Media Tools to Educational Institutions". www.marketscreener.com. July 14, 2011. Retrieved March 23, 2021.
  15. ^ "Blackboard and Kaltura Partner to Offer Rich-Media Tools to Educational Institutions". www.marketscreener.com. July 14, 2011. Retrieved March 8, 2021.
  16. ^ Tom Cheredar: Kaltura buys Tvinci to become the Swiss army knife of video platforms VentureBeat, May 1, 2014
  17. ^ "Open-source video platform Kaltura raises $50M from Goldman Sachs, confirms plans to IPO". VentureBeat. August 8, 2016.
  18. ^ "Kaltura in VR Alliance". Broadband TV News. September 7, 2016. Retrieved March 8, 2021.
  19. ^ "The $100M ARR club welcomes four new members". TechCrunch. January 22, 2020. Retrieved February 23, 2020.
  20. ^ "GitHub Kaltura".
  21. ^ "Create and publish video with open source Kaltura editor". opensource.com. Don Watkins. Retrieved September 13, 2018.
  22. ^ Kaltura teams up with Dativa for cloud TV services Published by broadbandtvnews.com on April 9, 2019. Consulted on May 29, 2019
  23. ^ Kaltura and Dativa Enter Strategic Partnership to Develop Industry First Cloud TV Data Lake Published by globenewswire.com on April 9, 2019. Consulted on May 29, 2019
  24. ^ "Kaltura Expands Enterprise Capabilities with Newrow Acquisition". January 23, 2020.
  25. ^ "Video SaaS provider Kaltura relaunches $150 million IPO". nasdaq.com. Renaissance Capital. Retrieved July 12, 2021.
  26. ^ "Kaltura Expands Virtual Events Platform". Retrieved May 11, 2022.
  27. ^ "Kaltura Launches a Unique New Experience for Webinars".
  28. ^ "Kaltura released a new report". martechcube.com.
  29. ^ "Kaltura launches video AI-powered Class Genie for personalized student learning experiences". Emma Stokes.
  30. ^ "Kaltura to Debut New GenAI Features for Streaming Services at IBC2024".
  31. ^ "Gartner Magic Quadrant for Enterprise Video Content Management".
  32. ^ Kerpen, Dave (September 11, 2017). "20 Tech Innovators to Watch in 2018". Inc.com. Retrieved March 30, 2020.
  33. ^ "Critical Capabilities for Enterprise Video Content Management". gartner.com. Retrieved March 26, 2019.
  34. ^ "The $100M ARR club welcomes four new members". TechCrunch. January 22, 2020. Retrieved March 30, 2020.
  35. ^ "Gartner Magic Quadrant for Meeting Solutions". gartner.com.
  36. ^ "Kaltura Included as a "Representative Vendor" in 2022 Gartner® Market Guide for Event Technology Platforms". finance.yahoo.com.
  37. ^ "LivePerson, Virgin Media, Papercup and Seismic are 2023 Digiday Technology Awards winners". digiday.com. Retrieved August 29, 2023.
  38. ^ "Experian, Intuit Mailchimp and Rise are among this year's Digiday Technology Awards finalists". digiday.com. Retrieved August 27, 2024.
  39. ^ "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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