Video optimization supplier Beamr has closed a $9.5 million financing spherical led by enterprise capital companies Marker LLC and Google chairman Eric Schmidt’s Innovation Endeavors.
Beamr is headquartered in Tel Aviv and was based in 2009 by CEO Sharon Carmel. Beamr is concentrated on bettering the standard, velocity, and consumer expertise of photograph and video sharing.
Carmel stated, “Beamr has developed a powerful IP portfolio and established a powerful buyer base throughout the world’s largest media corporations. We are grateful to Marker and Innovation Endeavors for serving to us understand the corporate’s imaginative and prescient of decreasing the associated fee and bettering the consumer expertise of media supply to any machine over any community.”
Beamr’s video optimization expertise reduces the bitrate of H.264 video streams by as much as 50%, with out affecting perceptual high quality or altering the format of the unique stream. Beamr Video allows smoother supply of HD video over current cell and broadband connections, and important value financial savings to content material distributors, OTT service suppliers, and community operators.
The expertise has been put in at Hollywood’s main studios, and business deployment is anticipated quickly.
The firm plans to make use of the funding funds from this financing spherical to speed up the event of its Ultra-HD and HEVC optimization applied sciences that may allow “over-the-top” streaming of Ultra-HD (4K) content material to broadband-connected shoppers.
Beamr additionally plans to increase its advertising and gross sales actions within the US and globally.
Published by Globes [online], Israel enterprise information – www.globes-online.com – on April 8, 2014
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