Kaltura

Video SaaS / enterprise softwareUSA/Israel
New to Unitard
πŸ“‰ Public < $1B
PeakΒ $1.24 BillionToday
βˆ’82%
from peak
  1. πŸ¦„
    Became a unicorn
    Jul 2021
  2. πŸ“ˆ
    Peak valuation
    $1.24 Billion ’21
  3. πŸ’”
    Became a Unitard
    Nov 2021
  4. πŸ’Έ
    Last valuation
    ~$220M
Current status
Listed on Nasdaq (KLTR) since July 21, 2021; co-founder Ron Yekutiel remains chairman and CEO; acquired PathFactory in April 2026 and is pushing AI avatar products
Live Β· KLTRΒ· NasdaqGS
as of 2026-10-23
$1.44β–² 4.35% today
β‰ˆΒ $220 Million market cap Β· βˆ’82.3% from peak

The rise & fall

10 moments Β· 2006–2026

The key moments, with employee sentiment along the way.

2006
Founded in Israel
Ron Yekutiel, Michal Tsur, Shay David and Eran Etam start an open-source video platform, later headquartered in New York with R&D in Ramat Gan.
Aug 8 ’16
$50M from Goldman Sachs
Goldman Sachs' Private Capital Investing group backs Kaltura's international growth; no valuation is disclosed.
Apr 2021
A $2B listing plan is abandoned
Kaltura had planned to raise up to $278M at a $2B valuation but abandoned the flotation for lack of demand, Globes reports; it refiles in July at $1.1B-$1.4B.
Jul 21 ’21
The peak: Nasdaq IPO at $1.24B$1.24B
The IPO prices at $10 a share, mid-range, raising $150M and valuing Kaltura at $1.24B. Shares trade under KLTR.
Nov 2021
Slips below $1B
The month-end close falls from $9.44 in October to $4.74 in November, a market value of roughly $0.6B. It has not been back above $1B.
Jul 2022
About 10% of staff laid off
Nearly 80 employees leave; Kaltura had 758 at the end of 2021.
Jan 4 ’23
A second round cuts 11% more$240M
75 employees leave, 39 of them in Israel. Globes puts the market cap at $240M, with the shares down 82% since the IPO.
Apr 1 ’26
Buys PathFactory for $22M
Kaltura pays $22M in cash for the content-engagement software company as it pushes AI avatar products.
Oct 21 ’26
Market value near $212M$212M
About $212M at the October 21, 2026 close, roughly 83% below the IPO valuation.
From the inside Β· Glassdoor reviews, 2022–26
Kaltura's Glassdoor ratings slip from about 3.9 to about 3.6 as reviewers describe recurring reorganizations, layoff rounds and an unclear product strategy, while many praise colleagues and work-life balance.
Today
Still in the club β€” and still trading
Live Β· KLTR Β· NasdaqGSas of 2026-10-23
$1.44β–² 4.35% todayβ‰ˆ $220M cap Β· βˆ’82.3% from peak

πŸ’¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—; dated facts carry their source.

How it happened

Kaltura, founded in Israel in 2006 by Ron Yekutiel, Michal Tsur, Shay David and Eran Etam, sells video software to universities, companies and media groups and is based in New York. Goldman Sachs invested $50M in 2016 without a disclosed valuation.

A spring 2021 plan to list at $2B was abandoned for lack of demand, Globes reported. Kaltura instead went public on Nasdaq on July 21, 2021 at $10 a share, a valuation of $1.24B. The shares slid as the pandemic boom in online video faded, and the market value fell below $1B in November 2021.

Kaltura cut about 10% of its staff in 2022 and 11% more in January 2023. Yekutiel remains chief executive, and in April 2026 the company bought PathFactory for $22M.

Source: Globes (July 13, 2021): Kaltura abandoned an April 2021 flotation at a $2B valuation for low demand and refiled at $9-$11 a share for $1.1B-$1.4B. Globes (July 21, 2021): IPO priced at $10, raising $150M, at a valuation of $1.24B (headline says $1.34B; body and later Globes coverage use $1.24B); SEC 8-K: 15M shares at $10, closed July 23, 2021. Built In NYC (Aug 8, 2016): $50M from Goldman Sachs Private Capital Investing, no valuation disclosed. digrin monthly closes: $9.44 (Oct 2021) to $4.74 (Nov 2021), about $0.6B. Globes (Jan 4, 2023): 11% layoff after about 10% in July 2022; market cap $240M. SEC 8-K (Apr 6, 2026): PathFactory bought for $22M cash. stockanalysis.com (Oct 21, 2026 close): $212.1M.

Founders

  • Ron Yekutiel
    co-founder, chairman & CEO (led at peak, still CEO)
    Still there β€” Cofounder, Chairman, President and CEOLinkedIn β†—
  • Michal Tsur
    co-founder
    Now Co-Founder & Co-CEO at RemepyLinkedIn β†—
  • Shay David
    co-founder
    Still there β€” Co-Founder, DirectorLinkedIn β†—
  • Eran Etam
    co-founder

Current roles as self-reported on LinkedIn, retrieved 2026-10-22. See our methodology.

Disclosed investors (14)

Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.

* Lead in a funding round Β· Crunchbase β†— Β· 2026-10-22 Β· Methodology Β· Leaderboard

More from the club

Same fate Β· IPO & decline
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