Video is ubiquitous in today’s digital landscape. From streaming services like Netflix and Amazon Prime to social media platforms and personal messaging apps, it consumes a staggering 80% of global online traffic. This escalating demand for digital space is driving the AI and machine learning sectors, as well as the need for efficient video processing in various industries.
In this vast video-scape, cost and complexity are formidable hurdles. The likes of Google and Meta have the resources to navigate these challenges, but many businesses grapple with the expense and technical demands of video processing.
Enter Beamr BMR. With its patented technology for optimizing videos without compromising quality, and a 13-year track record, Beamr has joined forces with Nvidia NVDA to launch a new cloud service that automates and reduces the cost of video compression, storage, and transfer – all while maintaining video quality.
“We have very powerful technology that we’ve developed and improved over the past decade. We attracted customers that keep choosing to work with us, like Netflix, ViacomCBS, Walmart, and Deluxe,” said Sharon Carmel, CEO of Beamr. “Now, we wish to democratize video optimization and bring our technology to each and every customer facing the tough challenges of video at scale. We couldn’t think of a better partner than Nvidia, and after an intense 2-year journey, we recently launched our new cloud service”.
Cloud video storage, which was a $7.3 billion industry in 2021, is projected to reach $13.5 billion next year. Beamr’s hybrid cloud solution, utilizing Nvidia hardware and operating over Amazon’s AWS, meets the evolving needs of customers in the video world.
Carmel explained, “Every company with a large video repository accrues substantial storage and networking costs. We can help users free up resources, and in 2024, we intend to take it even further with upcoming products we will launch”.
At the core of Beamr’s offering is its Content-Adaptive-Bitrate technology (CABR), the result of 13 years of R&D and recipient of the 2021 Technology and Engineering Emmy award. This technology enables significant reductions in file size and costs while maintaining video quality.
About Beamr
Beamr BMR is a world leader in content-adaptive video solutions. With 53 granted patents, and as the 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.
For more details, visit www.beamr.com
Featured photo credit: Nvidia
This post was authored by an external contributor and does not represent Benzinga’s opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice.
