Beamr is bringing the Video Technology of Google & Meta to everyone
07 Febbraio 2024 - 2:37PM
Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization
technology and solutions, today announced that it is scheduled to
launch on February 20, 2024 a new cloud service that will simplify
video processing and make it accessible and affordable to everyone.
On the scheduled launch day, to introduce the video cloud service,
Beamr CEO Sharon Carmel will host a webinar to provide an overview
of Beamr’s new cloud service (for webinar registration:
http://bit.ly/beamr-cloud-launch).
Beamr’s video cloud solution is operating over
Amazon’s AWS and powered by Nvidia hardware (GPU) that has been
collaborating with Beamr for the past 2 years. CEO Sharon Carmel
said: “Video is everywhere and its usage is growing at a faster
pace than ever, thanks to the emerging Artificial Intelligence (AI)
and Machine Learning (ML) markets, and on top of the massive
expansion of Streaming (OTT) and User-Generated-Content (UGC).
Having our solution as a part of the Nvidia platform makes it
natural to the new rising market of AI and Generative AI. We
believe that our cloud service can disrupt this booming
market”.
Cloud video storage was $7.3 billion in 2021,
and is expected to grow to $13.5 billion next year. Carmel
explained: “We recognize the fast growth of video processing at
scale, but such operations are costly and complex. Managing that
efficiently used to be exclusive to tech giants, like Meta and
Google. Up until now. The upcoming video cloud service will allow
everyone to access automated and cost-efficient workflows that
simplify video management and cut storage and network costs. All
that, while never compromising on quality, thanks to Beamr’s award
winning and patent proven technology”.
Beamr’s video cloud service is enabled by
Beamr’s Content-Adaptive-Bitrate technology (CABR), which is the
fruit of 13 years of R&D and won an Emmy award for technology
and engineering. Beamr’s video cloud service aims to make every
pixel perfect, every color vibrant, every motion smooth - yet size
and costs are significantly lower – as if a video expert was
examining a video file, frame by frame.
To register for the webinar with CEO Sharon
Carmel about Beamr’s scheduled video cloud service launch, on
February 20, 2024, 1:00pm EST, please enter the link
http://bit.ly/beamr-cloud-launch
About Beamr
Beamr (Nasdaq: BMR) is a world leader in content
adaptive video solutions. Backed by 53 granted patents, and winner
of the 2021 Technology and Engineering Emmy® award and the 2021
Seagate Lyve Innovator of the Year award, Beamr's perceptual
optimization technology enables up to a 50% reduction in bitrate
with guaranteed quality. www.beamr.com
Forward-Looking Statements
This press release contains “forward-looking
statements” that are subject to substantial risks and
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include, among other things, statements about Beamr’s strategic and
business plans, technology, relationships, objectives and
expectations for its business, the impact of trends on and interest
in its business, intellectual property or product and its future
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assumptions as to future events that may not prove to be accurate.
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affecting the Company, reference is made to the Company’s reports
filed from time to time with the Securities and Exchange Commission
(“SEC”), including, but not limited to, the risks detailed in the
Company’s annual report filed with the SEC on April 24, 2023 and in
subsequent filings with the SEC. Forward-looking statements
contained in this announcement are made as of the date hereof and
the Company undertakes no duty to update such information except as
required under applicable law.
Investor Contact:
investorrelations@beamr.com
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