Kaltura has signed a definitive agreement to acquire eSelf.ai, a multimodal AI lab specializing in agentic interactions with live, conversational avatars. The transaction includes a $7.5 million cash payment at closing, up to $12.5 million in additional cash over three years contingent on performance milestones, and 4,690,025 Kaltura shares vesting over three years for eSelf founders and key employees. The total deal value is approximately $27 million, assuming all milestones and retention targets are achieved. eSelf.ai's technology enables real-time, photorealistic avatars supporting over 30 languages, and will be integrated into Kaltura's AI video platform to enhance immersive and virtual agent experiences for enterprises. The acquisition is expected to close in the fourth quarter of 2025, pending customary closing conditions.