Kaltura to acquire eSelf.ai in $27M cash, stock transaction

Kaltura (KLTR) announced it has signed a definitive agreement to acquire eSelf.ai, a multimodal AI lab developing technology for agentic interactions with live avatars. Financial terms of the transaction include a cash payment of $7.5M upon closing, $12.5M 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 $27M. The acquisition is expected to close in Q4 2025, subject to customary closing conditions, including regulatory approvals and other standard requirements.