ORIX Ventures Provides Additional Growth Capital to Video Technology Leader Kaltura
ORIX Ventures announced it committed a second round of growth capital to Kaltura, the leading open source video platform. The follow-on capital was a material increase to ORIX Ventures’ initial investment made in 2012 and helped fund Kaltura’s recently announced acquisition of Tvinci, the leading global provider of Pay Over-the-Top (OTT) TV services.
Kaltura offers the industry’s most complete suite of commercial video applications, as well as an open-source development platform that includes hundreds of flexible and extendible APIs. The company’s applications and platform enable video workflows, including ingestion, transcoding, management, distribution, publishing, engagement, monetization and extensive analytics.
The acquisition of Tvinci gives Kaltura a leadership position in the large and growing OTT market and cements its role as the only pure-play video technology company to power any video experience across all markets, including Media & Entertainment, Enterprise and Education, and all channels (e.g. Multimedia Service Providers such as MVPDs, Telcos, MSPs and Cloud Vendors). The Tvinci platform, which is API-based like the Kaltura platform, will be fully integrated into the Kaltura OTT offering.
“ORIX Ventures is committed to strongly supporting its portfolio companies, especially with additional capital,” said Jeff Bede, Co-Head and Managing Director of ORIX Ventures. Kaltura continues to execute successfully on its business plan, and the addition of Tvinci’s OTT technology was an obvious fit to expand Kaltura’s platform. We’re excited to continue to work with CEO Ron Yekutiel and his team.”
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