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Video creation startup Kaltura files prospectus for long-expected Nasdaq IPO


Kaltura s video design platform interface (Photo credit: Courtesy)
Israeli-founded video software startup Kaltura Inc has filed a prospectus with the US Securities and Exchange Commission in a bid to raise at least $100 million in an initial public offering in 2021 on the Nasdaq.
The share sale would value the firm at over $1 billion, Calcalist financial website said.
The firm, founded in 2006 and headquartered in New York with an R&D center in Ramat Gan, Israel, provides organizations with turnkey solutions that allow them to immediately upload, deploy, serve, and publicize video content, either on the internet or within an organization.
In the filing, Kaltura said that at end 2020, it had $120 million in revenue after it posted double digit sales growth, year on year, in all four of the quarters. The firm had some 1,000 customers and 15 million authenticated users. ....

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