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Kaltura Raises $47 Million

By TechTaffy Desk

Open source online video platform Kaltura has raised $47 million. The financing round was led by new investors SAP Ventures, Nokia Growth Partners, Commonfund Capital, and Brazil-based Gera Ventures. Existing investors .406 Ventures, Nexus Venture Partners, Intel Capital, Mitsui, and Silicon Valley Bank also participated.

Kaltura says it will use the additional capital to further accelerate product development, and extend operations into Brazil, Mexico, China, Japan, Australia, Singapore, and Korea.

[Image couretsy: Kaltura]

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