Beamr Brings Google & Meta Video Tech to the Masses

Unveiling a Breakthrough Cloud Solution for Video Processing

Herzliya, Israel – Beamr Imaging Ltd. (NASDAQ: BMR), a renowned leader in video optimization technology, is set to launch an innovative cloud service on February 20, 2024. This groundbreaking solution aims to simplify video processing, making it accessible and affordable for individuals and businesses alike. Beamr CEO Sharon Carmel will host a webinar on the launch day to provide an in-depth overview of the company’s new cloud service. The webinar registration link can be found here.

Beamr Collaborates with Nvidia and Utilizes AWS for Enhanced Video Cloud Solution

Beamr’s video cloud solution operates on Amazon’s AWS platform and is powered by Nvidia hardware, a collaboration that has spanned over two years. By leveraging the advanced capabilities of Nvidia’s GPUs, Beamr aims to cater to the growing demand for video processing brought about by the expanding Artificial Intelligence (AI) and Machine Learning (ML) markets, as well as the surge in Streaming (OTT) and User-Generated-Content (UGC). CEO Sharon Carmel believes that Beamr’s cloud service has the potential to disrupt this rapidly expanding market.

Cloud Video Storage Market Expected to Reach New Heights

With cloud video storage valued at $7.3 billion in 2021, industry experts predict that it will reach a staggering $13.5 billion by next year. Beamr CEO Sharon Carmel acknowledges the rapid growth of video processing at scale; however, she notes that these operations have traditionally been costly and complex, exclusive to tech giants like Meta and Google. Beamr’s upcoming video cloud service seeks to democratize video management by providing cost-efficient workflows that simplify video processing, reduce storage and network costs, and maintain uncompromised quality through Beamr’s award-winning and patent-proven technology.

Beamr’s Content-Adaptive-Bitrate Technology Ensures Optimal Video Quality

Beamr’s video cloud service is made possible by its proprietary Content-Adaptive-Bitrate (CABR) technology, which is the result of 13 years of extensive research and development. This technology has even been awarded an Emmy for technology and engineering. With CABR, Beamr aims to deliver unrivaled video quality, ensuring every pixel is perfect, every color vibrant, and every motion smooth. The innovative technology optimizes video files frame by frame, guaranteeing exceptional quality while significantly reducing file size and associated costs.

Webinar with Beamr CEO Sharon Carmel Offers Insight into Video Cloud Service

To gain valuable insights into Beamr’s highly anticipated video cloud service launch, interested parties can register for the webinar with CEO Sharon Carmel. The webinar, scheduled for February 20, 2024, at 1:00pm EST, will provide in-depth information about the cloud service, its features, and the benefits it offers. Register for the webinar here.

About Beamr Imaging Ltd.

Beamr Imaging Ltd. (Nasdaq: BMR) is a leading provider of content adaptive video solutions. The company, with 53 granted patents under its belt, has been honored with multiple awards, including 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 while guaranteeing exceptional quality. For more information, visit www.beamr.com.

Forward-Looking Statements: This press release contains forward-looking statements that are subject to substantial risks and uncertainties. These statements address Beamr’s strategic and business plans, technology, relationships, objectives, expectations, and future results, among other things. It is important to note that these forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks, and assumptions. Further details regarding these risks and uncertainties can be found in the Company’s reports filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update forward-looking statements except as required by law.