August 8, 2016 | Kaltura the Israeli-U.S. startup that helps organizations manage their video content, has raised $50 million from the U.S. investment bank Goldman Sachs and says it is on its way to an initial public offering. Sources said the Goldman Sachs investment round values Kaltura in the hundreds of millions of dollars, though short of the $1 billion that would have won it the coveted status of “unicorn.” The round brings its total fundraising to about $160 million. Formed in 2006 and headquartered in New York City, the company is mature by startup standards, counting 1,000 paying corporate and educational customers whose video content is seen by an average of 700 million people a month. Ron Yekutiel, Kaltura’s CEO and chairman, told TheMarker the Goldman Sachs investment signaled the company’s strategy of avoiding an exit and remaining independent.
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