“Video is booming,” says Ron Yekutiel, chairman and CEO of Kaltura.
That’s good news for Yekutiel and his New York-based startup, which offers web publishers tools for managing video content. Kaltura announced today that it has raised $50 million from Goldman Sachs, bringing its total funding to $165 million, and is preparing for an IPO.
The company did not share a timeline for its IPO plans, but the news is a promising sign for investors warily eyeing the IPO drought. There are 170 private companies valued at $1 billion or more, according to CB Insights, but only a handful have signaled interest in going public within the next year.