Israeli video content platform developer Kaltura Inc. has hired Goldman Sachs Group Inc. to help it raise more than $100 million from either an IPO or a private funding round in the US, according to a person with knowledge of the matter, "Bloomberg" reports.
Last year Kaltura, which has developed an open source platform for managing and presenting video content, was chosen as one of "Globes" most promising startups. In 2014, the company raised $47 million at a company value of $250 million, in a round led by the SAP investment fund. Other investors included Nokia Growth Partners, Intel Capital, Commonfund Capital, and Brazil-based Gera Ventures, 406 Ventures, Nexus Venture Partners, Mitsui & Co. Global Investment, Inc., and Silicon Valley Bank.
Kaltura was founded in 2006 by chairman and CEO Ron Yekutiel, president Dr. Michal Tsur, chief revenue officer Dr. Shay David, and VP R&D Eran Etam. Kaltura is headquartered in New York City, its R&D center is in Ramat Gan, and it has offices in San Francisco and London.
Kaltura is planning to raise the funds by the first quarter of 2016, the person told "Bloomberg", asking not to be identified because the plans aren't public. A Goldman Sachs spokesman in Israel, declined to comment in an e- mailed response to questions. The company has about 430 employees and its platform manages content such as online advertisements and in-house training. Clients include Philips, Wal-Mart Stores. and AstraZeneca.
Published by Globes [online], Israel business news - www.globes-online.com - on October 9, 2015
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