Open source video platform sets sights on the Asia-Pacific

Open source online video platform Kaltura has raised $25 million to fuel its current rapid growth and continued global expansion, particularly in the Asia-Pacific region, RapidTVNews reports.

The company claims that its “unique” open source video platform continues to disrupt the market, “revolutionising” how people are entertained with online video. It offers what it claims is the industry’s most complete suite of commercial video applications as well as an open source development platform that includes extendible APIs. Customers include leading media companies such as HBO, Warner Brothers and Paramount.

“Kaltura has emerged as the leader in flexible video delivery designed for the cloud. What fuels the company’s hyper growth is our flexible platform, which enables us to launch integrated products that transcend us beyond the traditional online video platform space” said Ron Yekutiel, Kaltura chairman and CEO. “We intend to use this new funding to expand our product offering, and to grow into additional industries and geographies,” he added.