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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 (NASDAQ: BMR) has announced that its Beamr Cloud service now supports automated and scalable modernization of video to the AV1 format. This upgrade addresses a significant challenge in the video industry, allowing for easier migration from legacy formats like AVC and HEVC to AV1. The new service offers:
- Improved image quality with higher compression
- Royalty-free encoding, backed by tech giants
- Automatic, quality-preserving process
- High-performance, high-speed results
- Seamless integration with Oracle Cloud Infrastructure and Amazon AWS
Beamr Cloud's AV1 modernization is particularly beneficial for machine learning workflows, potentially reducing file sizes by up to 4 times while maintaining the same results in ML processes.
Beamr Imaging (NASDAQ: BMR) reported significant developments in Q2-2024, including enhancements to Beamr Cloud and collaborations with industry giants. Key highlights include:
1. Integration of AI features into Beamr Cloud
2. Improved pricing model with flexible tiers
3. Collaborations with Oracle and AWS
4. Demonstrations at major industry events
5. Appointment of new senior management roles
Financial results for H1 2024 show a 5% increase in revenues to $1 million, with a net loss of $1.96 million. The company ended Q2 with $14.1 million in cash and cash equivalents, plus $3.5 million in short-term bank deposits.
Beamr Imaging (NASDAQ: BMR) has announced a collaboration with Oracle Cloud Infrastructure (OCI) to showcase optimized production of high-quality, high-resolution videos rendered from 3D models at SIGGRAPH 2024. The demonstration, held at Oracle's booth from July 30-August 1, will highlight Beamr's ability to reduce extremely large video files to one-fourth of their original size without compromising quality.
This optimization is achieved using Beamr's patented content-adaptive-bitrate technology (CABR), which is now available for OCI customers through the Oracle Cloud Marketplace. The service, powered by NVIDIA L40S GPUs, allows users to easily connect their video libraries and automatically optimize videos at scale, addressing the challenge of delivering and viewing massive video files generated from detailed 3D models.
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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