New York-based video platform operator Kaltura Inc. on March 1 filed a prospectus for an IPO of up to $100 million of its common shares.

Kaltura's services include live, real-time, on-demand products such as video portals, town halls, video messaging, webinars, virtual events and meetings. The company said in the filing that it has about 1,000 customers from a variety of industries, including financial services, technology, healthcare, education, public sector, media and telecommunications. It divides its business into two segments: enterprise, education and techology; and media and telecom.

For full year 2020, Kaltura reported $120.4 million in revenue and a net loss of $38.7 million. That compares to revenue of $97.3 million and a net loss of $15.6 million in 2019. The company said the COVID-19 pandemic increased its usage beginning in the second quarter of 2020, but it experienced some margin pressure due to the acceleration of the company's planned move to the public cloud, as well as certain pre-COVID contracts that allowed for increased usage without incurring additional revenues.

Kaltura reported over 15 million authenticated users and 100 million media assets as of Dec. 31, 2020.