Kaltura Signs Agreement To Acquire eSelf.ai For $7.5M In Cash, $12.5M Payable Over Three-YEar Period Upon Achievement Of Certain Milestones

Kaltura, Inc. (Nasdaq: KLTR), the AI Video Experience Cloud, today announced it has signed on November 5th, 2025, a definitive agreement to acquire eSelf.ai, a multimodal AI lab developing technology for agentic interactions with live avatars.

eSelf.ai provides conversational photorealistic avatars that support over 30 languages and an easy-to-use studio to create, guide, and deploy them. Its proprietary technology combines AI-based live, expressive visual agents, with low-latency speech recognition and generation, screen understanding, dynamic media sharing, and an agentic enterprise-grade framework and workflows.

Financial terms of the transaction include a cash payment of $7.5 million upon closing, $12.5 million in cash payable over a three-year period, contingent upon the achievement of certain performance milestones, and 4,690,025 shares of common stock of Kaltura vesting over a three-year period subject to retention holdback provisions for eSelf founders and key employees, representing approximately 3% of Kaltura's outstanding stock before the deal. The total deal value as of the day of signing, assuming all earnout milestones and retention targets are achieved, is approximately $27 million.

The acquisition is expected to close in Q4 2025, subject to customary closing conditions, including regulatory approvals and other standard requirements.