Israeli Video Startup Kaltura Looks to $1 Billion IPO
Yet another billion dollar exit for Startup Nation.
Kaltura, an Israeli startup which provides live and on-demand video SaaS solutions, has filed with the SEC for its IPO. Kaltura expects to raise up to $100 million in the initial public offering, giving it a $1 billion valuation.
Kaltura provides live and on-demand video SaaS solutions to thousands of organizations around the world, engaging hundreds of millions of viewers at home, at work, and at school. This is especially important during the Coronavirus crisis as the shutdowns have required countless people to work remotely. And with schools closed kids are learning from home.
But the world was already moving in this direction before the Covid crisis. Globalization has international corporations decentralizing, with R&D in one continent, sales and marketing in another, and management possibly even split up around the world. Advanced telecommunications have made this all possible.
Educations, at least higher education, has also been moving in this direction. Look at all of the established universities with top reputations which offer online degrees. International MBA programs now offer people a chance to literally learn with people from around the world while they are actually sitting around the world.
What began with Ted Talks and Kahn Academy just for personal learning could very well become the standard for all education someday. This is one reason why new companies like Kaltura are worth so much.
Founded in 2006 by its President Michal Tsur and CEO Ron Yekutiel, Kaltura offers a video platform, video management, video publishing, video streaming, interactive video, media management, media distribution, video portals, video players, video solutions, online video, mobile video, video conferencing, video communication, online meetings, meeting solutions, webinars, townhalls, lecture capture, cloud tv, OTT TV, video cloud, video platform as a service, media services, vpaas, podcasting, and video messaging services.
We are honored to offer the most open, flexible, and collaborative video platform in the market, catering to any video use case and helping to democratize media and make it accessible and impactful for so many organizations and people around the world,” Ron Yekutiel, Kaltura Chairman, CEO & Co-founder.
In 2014 Michal Tur spoke to Globes about entrepreneurship and women. “It’s always because of a mix of reasons, but I think that entrepreneurship is the best thing for women,” she said. “You found a business yourself, and you set the rules of the game for it. In principle, a self-employed career can be very convenient. The best thing is that, as an entrepreneur, you can have a strong influence within a short time.”