It is the more often the case that industry disruption comes from the edge, and not the middle of the market. As Security manufacturing vendors compete with each other up in the red-ocean of security video industry buyers, along comes a disruptive outsider that is about to overturn the apple cart once more.
This week, Kaltura, a New York-based open source video platform company has "raised $47 million in funding led by new investors SAP Ventures, Nokia Growth Partners, Commonfund Capital, and Gera Venture with participation from existing investors .406 Ventures, Nexus Venture Partners, Intel Capital, Mitsui & Co., and Silicon Valley Bank." Interestingly, Kaltura claims to be the only open source video platform, providing media management solutions for entertainment and media companies, educational institutions, service providers, and more; can the security and QSR/retail video markets be far behind? Founded in 2006, Kaltura has raised $115 million to date and will use the latest funds to extend global operations.
Kaltura claims to provide the world’s first Open Source Online Video Platform, citing that over 100,000 media & entertainment companies, enterprises, SMBs, educational institutions, service providers, platform vendors, and system integrators use Kaltura’s flexible platform to enhance their websites, web-services, and web-platforms with advanced customized video, photo and audio functionalities.
Founded in 2006, New York based Kaltura is a founding member of the ‘Open Video Alliance’, a coalition of organizations dedicated to fostering open standards for online video.
So in your future analysis of the industry, consider widening your view to include the new disruptors.
Severin Sorensen, CPP
Sikurity LLC