Video cloud provider Kaltura has filed for an initial public offering (IPO) to raise $100 million.
The company is looking to be listed on the Nasdaq Global Select Market.
According to its IPO documentation, in 2020 more than 15 million authenticated users interacted with Kaltura’s products and solutions, and at year end, the company had approximately 1,000 customers.
The company was founded in 2006 and made $120 million in revenue for the 12 months ended December 31, 2020.
Documents reveal it confidentially filed for an IPO on December 18, 2020. It’s believed the company first thought of embarking on an IPO in 2017 at a valuation of $1 billion but decided against the move.
Kaltura’s clients include ViacomCBS, Reuters, Vodafone TV and Play Suisse.