Kaltura Leads Enterprise 2.0 Funding Frenzy

3 minute read
Geoff Spick avatar

A rash of investment deals have taken place in the last few days, throwing funding at web companies that venture capitalists think will make it big in the near future.

Kaltura's Video Boost

This one was announced last week, and sees video-management open-source specialist Kaltura pick up a $20 million round of financing led by new investors Nexus Venture Partners with participation from Intel Capital along with its existing investors.

Last year, Kaltura launched its marketplace for video applications and an Amazon EC2 edition of its open source platform. The money will go toward Kaltura's rapid expansion in a vibrant marketplace and, with Intel on board, could see the way for technical innovation. 

Cashing In on Storage, Social

Social messaging app maker GOGII announced a US$15 million round led by GRP Partners. Its textPlus product competes with a number of other startups, offering group messages to friends or people with a common interest. Although, rather scarily for all of them, Facebook is also looking into group messaging.

Using topic-driven groups, the service sends out over 30 million messages per day with iPhone and Android apps leading the way. Users can make friends with common interests and follow their interests, sending pics with SMS support for non-smartphone owners.

Winning the biggest award of the day, Box.net picked up a US$ 48 million round of funding, in what has been a busy time for venture capitalists and start-ups. Its cloud storage service has grown from a niche to a major enterprise player and the funding will go towards new hires and expansion. Check back next week for our interview with CEO Aaron Levie.

Learning Opportunities

 Food on the Go

A little smaller than these megabucks deals, Storific is a French-based company that allows iPhone users to order in restaurants and bars with their phone. It has picked up US$ 200,000, and, with trials currently running in select establishments around the world, will use it to expand the service.


If the idea of bypassing the waiter sounds odd, think of those times when a restaurant is really busy or those places where you always order your same favorite dish. With some elegant design, this could both help restaurants and improve customer service.

Finally, it's good to see the wealth being spread with Colombian social gaming company ZIO Studios picking up US$ 1.3 million, which will help it open a California office this year. The company is behind Facebook game SocialStreetSoccer and other projects.