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Beamr Imaging Ltd. Ordinary Share - BMR STOCK NEWS

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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.

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Beamr Imaging Ltd. (Nasdaq: BMR) successfully closed a public offering of 1,971,300 ordinary shares, generating approximately $13.8 million in gross proceeds. The underwriter's option to purchase additional shares was fully exercised, and ThinkEquity served as the sole book-running manager. The net proceeds will be allocated towards research and development, sales and marketing, cloud operating costs, and general corporate purposes.
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Beamr Imaging Ltd. (Nasdaq: BMR) announces a public offering of 1,714,200 ordinary shares at $7.00 per share, aiming to raise approximately $12 million for research, development, and operational expenses. The offering is expected to close on February 15, 2024, with ThinkEquity as the book-running manager.
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Beamr Imaging Ltd. (BMR) collaborates with NVIDIA to present a solution for automated video modernization at the ACM Mile-High-Video 2024 conference. The joint research aims to ease the transition to the efficient AV1 video format, addressing challenges in video quality and cost. Beamr's Content-Adaptive-Bitrate technology, supported by NVIDIA's hardware, offers a seamless conversion process while maintaining quality. The company is set to launch a new video cloud service on Amazon's AWS, enhancing video processing accessibility and affordability.
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Beamr Imaging Ltd. (NASDAQ: BMR) is set to launch a new cloud service on February 20, 2024, aimed at simplifying video processing and making it accessible and affordable. The service will be hosted on Amazon's AWS and powered by Nvidia hardware. CEO Sharon Carmel highlighted the growing video market and the need for cost-efficient video processing solutions. Beamr's video cloud service is expected to disrupt the market by providing automated and cost-efficient workflows while maintaining high quality, enabled by their Content-Adaptive-Bitrate technology (CABR).
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Beamr (NASDAQ:BMR) is advancing in the field of Machine Learning for video, a rapidly expanding market. The company's technology has shown the ability to significantly reduce the size of video files without compromising quality, leading to cost savings and streamlined processes for Machine Learning workflows. The recent experiment led by Beamr's CTO demonstrated an average file size reduction of 40%, with essentially the same results obtained in people detection on the optimized files. The company's technology has been tested on NVIDIA DeepStream SDK, showing no negative impact on the detection results. With a history of innovative technology and a strong patent portfolio, Beamr aims to provide the best tradeoffs between quality and compression for a wide range of use-cases.
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HERZLIYA, ISRAEL - Company XYZ (XYZ) Releases Press Release on Video Consumption Trends
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Beamr (BEAMR) announced the release of a White Paper showcasing its Content Adaptive Bitrate (CABR) optimized encoding solution, which reduces video size without compromising perceptual quality, making video used for vision AI easier to handle. The solution aims to address the challenge of managing large video files and libraries for Machine Learning (ML) players, potentially cutting processing costs. Beamr's technology was tested on NVIDIA DeepStream SDK, showing a 40% reduction in video size without affecting ML results. The company plans to further explore the benefits of CABR in ML tasks.
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Beamr reports strong Q3 2023 activities and progress, with increased revenues and cash reserves. The company signed agreements with top media companies and is on track to launch the new Beamr SaaS in Q1 2024.
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Beamr's CEO to participate in ThinkEquity Conference
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Beamr announces second beta release of its cloud service for video optimization, introducing new APIs for large-scale automation. The company focuses on optimizing public cloud video storage, projected to reach USD 13.5 billion by 2025. Integration with Nvidia NVENC technology offers up to a 10x performance improvement. Next release will integrate Nvidia and Beamr's solution into the SaaS platform for faster and more cost-effective video storage optimization. Beamr plans to launch the service in Q1 2024. Prospective users can now experience Beamr technology at scale and provide feedback for enhancement.
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FAQ

What is the current stock price of Beamr Imaging Ltd. Ordinary Share (BMR)?

The current stock price of Beamr Imaging Ltd. Ordinary Share (BMR) is $2.75 as of November 21, 2024.

What is the market cap of Beamr Imaging Ltd. Ordinary Share (BMR)?

The market cap of Beamr Imaging Ltd. Ordinary Share (BMR) is approximately 41.0M.

What does Beamr Imaging Ltd. specialize in?

Beamr Imaging Ltd. specializes in video encoding, transcoding, and optimization solutions that ensure high quality and exceptional bitrate efficiency for both video and images.

Where does Beamr Imaging Ltd. operate?

Beamr Imaging Ltd. operates primarily in Israel and the United States, with the majority of its revenue derived from the U.S. market.

What is Beamr’s Content-Adaptive Bitrate (CABR) technology?

CABR technology allows for up to a 50% reduction in video bitrate without compromising quality. It is the cornerstone of Beamr’s product offerings and is backed by 53 patents.

What significant product did Beamr recently launch?

Beamr recently launched the Beamr Cloud SaaS solution in February 2024, which enables high-quality, large-scale video processing at competitive pricing.

Who are some of Beamr’s key industry collaborators?

Beamr collaborates with industry giants like NVIDIA to develop advanced video modernization solutions and integrate AI workflows into their cloud services.

How did Beamr enhance video standards at the ACM Mile-High-Video 2024 conference?

Beamr and NVIDIA presented an automated process for transitioning video libraries to the AV1 format, an efficient emerging video standard supported by Amazon, Google, and Microsoft.

What financial milestone did Beamr achieve in February 2024?

Beamr raised approximately $12 million through an underwritten public offering, intended for research and development, sales and marketing, cloud operation costs, and general corporate purposes.

What awards has Beamr received for its technology?

Beamr has received several prestigious awards, including the 2021 Technology and Engineering Emmy® award and the 2021 Seagate Lyve Innovator of the Year award.

What are Beamr’s future plans for its cloud services?

Beamr plans to integrate AI workflows into Beamr Cloud to enhance video processing capabilities and expand its service offerings to new markets such as User-Generated Content, Generative AI, and IoT.

How has Beamr been recognized in the industry?

Beamr is recognized as a leader in the video optimization sector, known for its innovative solutions and strategic partnerships that drive high-quality video processing and efficiency.

Beamr Imaging Ltd. Ordinary Share

Nasdaq:BMR

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BMR Stock Data

40.95M
10.69M
31.1%
0.87%
3.1%
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