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Beamr Imaging Ltd. (NASDAQ: BMR) is a prominent innovator in the field of video and image optimization technology. The company specializes in video encoding, transcoding, and optimization solutions that ensure high quality and exceptional bitrate efficiency for both video and images. Operating primarily in Israel and the United States, Beamr derives the majority of its revenue from the U.S. market.
Beamr is renowned for its Content-Adaptive Bitrate (CABR) technology, which allows for up to 50% reduction in video bitrate without compromising quality. This patented technology is the cornerstone of Beamr’s product offerings and is backed by 53 patents. Beamr’s solutions cater to a wide array of industries including media, entertainment, and artificial intelligence (AI).
One of Beamr’s significant achievements is the development of the Beamr Cloud SaaS solution, launched in February 2024. This cloud service enables high-quality, large-scale video processing at competitive pricing. It supports video standards modernization from AVC to HEVC and facilitates the adoption of new video standards.
Beamr’s collaboration with industry giants like NVIDIA has led to breakthrough solutions in video modernization and AI workflows. At the ACM Mile-High-Video 2024 conference, Beamr and NVIDIA presented a joint research project that proposed an automated process for transitioning video libraries to the AV1 format, an emerging standard backed by tech leaders such as Amazon, Google, and Microsoft.
In recent financial developments, Beamr successfully raised approximately $12 million through an underwritten public offering in February 2024. The funds are earmarked for research and development, sales and marketing, cloud operation costs, and general corporate purposes.
Beamr’s technology has been recognized with several prestigious awards, including the 2021 Technology and Engineering Emmy® award and the 2021 Seagate Lyve Innovator of the Year award. The company continues to innovate and expand its offerings, with plans to integrate AI workflows into Beamr Cloud to enhance video processing capabilities.
Beamr’s robust financial health and strategic partnerships position it as a leader in the video optimization sector, committed to delivering high-quality, efficient solutions for an ever-evolving digital landscape.
Beamr Imaging announced the integration of its first AI capability into Beamr Cloud, their GPU-powered video service.
This enhancement offers automatic caption and transcription generation for videos in multiple languages, marking the first step in augmenting Beamr Cloud with AI technologies.
The company plans to release more AI video enhancements later in the year.
CEO Sharon Carmel highlighted the transformation of video content through AI, enabling functionalities like video searching akin to text searches, identifying content, and improving video quality and delivery.
Chief Product Officer Dani Megrelishvili emphasized their investment in the future of video processing, integrating AI workflows to optimize video content.
Research revealed that Beamr's Content-Adaptive technology (CABR) could reduce video file sizes by 40% without quality loss, enhancing Machine Learning processes and cutting storage costs.
Beamr Cloud is designed for industries with large video libraries requiring efficient video processing, promising significant savings in storage, networking, and CDN costs.
Beamr Imaging announced that its Beamr Cloud solution is now available in the Oracle Cloud Marketplace, powered by Oracle Cloud Infrastructure (OCI) and NVIDIA accelerated computing. The solution offers high-quality, fast, and scalable video optimization using Beamr’s patented Content-Adaptive-Bitrate (CABR) technology.
Customers can benefit from efficient AI-ready video processing and transformation into the AV1 format, which is 30% more efficient than the H.264 format. This enables the modernization of large-scale video libraries, catering to markets like broadcasting, streaming, and AI.
The collaboration with Oracle and NVIDIA enhances Beamr's capabilities, ensuring customers get seamless, automated, and scalable video processing solutions.
Beamr Imaging (NASDAQ: BMR) announced an upgrade to its Beamr Cloud service, featuring customizable plans for enterprises. The new offerings include enhanced security and privacy features, tiered pricing models, incentives for long-term contracts, and a prepaid plan. These upgrades address the unique challenges faced by companies with large video libraries, allowing them to manage video files securely on their own servers via a virtual private cloud (VPC). The plans provide flexible payment options and dedicated account managers. The upgrade also introduces support for modern video formats like HEVC and AV1. Beamr’s technology reduces video file sizes by 30%-50%, lowering storage and networking costs while preserving quality.
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