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Beamr Issues Q1-2025 CEO Letter to Shareholders: Experiencing Rising Demand for Our Technology Across Key Verticals
GlobeNewswire News Room· 2025-05-12 11:00
Core Insights - Beamr Imaging Ltd. reported significant progress in Q1 2025, expanding sales initiatives and engaging with large-scale prospective customers [1][2] - The company aims for substantial revenue growth in 2025, driven by increased customer engagement and strategic partnerships [4][15] Sales and Market Engagement - Beamr's technology addresses challenges in large-scale video workflows, particularly in media, entertainment, and machine learning sectors [2] - The sales team was expanded with two new U.S.-based sales managers, and over 130 face-to-face meetings were conducted with customers and partners [3] - Participation in major industry events, including ACM Mile-High-Video 2025, NVIDIA GTC 2025, and NAB Show 2025, showcased Beamr's video solutions [3][6][7] Strategic Partnerships and Programs - Beamr joined the AWS ISV Accelerate program, enhancing visibility and co-selling opportunities with Amazon Web Services [4] - The company has developed its SaaS, Beamr Cloud, with new capabilities for video optimization and modernization [12][19] Financial Performance - For Q1 2025, Beamr generated approximately $0.63 million in revenue, a 55% increase from $0.41 million in Q1 2024, attributed to earlier recognition of a significant license renewal [14] - The company maintains a strong balance sheet with $15.2 million in cash and cash equivalents as of March 31, 2025 [14] Industry Recognition - Beamr's AV1 solution won the NAB Show Product of the Year award, highlighting its competitive offerings in video content upgrade [9][7] - The company continues to see growing interest and validation from larger industry players, indicating a promising outlook for business development [15]
Beamr Cloud Now Available to Members of NVIDIA's Startup and ISV Programs at Special Rates
GlobeNewswire News Room· 2025-03-19 16:10
Core Insights - Beamr Imaging Ltd. has launched its Beamr Cloud video service for members of NVIDIA's startup and ISV programs, offering special rates to enhance AI development and deployment with GPU-accelerated video operations [1][2] Group 1: Company Overview - Beamr Imaging Ltd. is a leader in video optimization technology, providing high-quality, high-performance solutions for various industries, including media and entertainment, machine learning, and autonomous vehicles [2][5] - The company serves major media clients such as Netflix and Paramount, and its technology is backed by 53 patents, having won an Emmy® award for Technology and Engineering [5] Group 2: Product Features - Beamr Cloud, available on AWS and Oracle Cloud Infrastructure, offers scalable video processing that reduces video file size by 30%-50%, thereby lowering CDN, networking, and storage costs for video on demand (VoD) and live streaming up to 4K resolution at 60 frames per second [4] - The service enriches videos with AI-powered capabilities, including visual enhancement and super resolution, during the transcoding process, and supports all major video formats such as AVC, HEVC, and AV1 [4][6] Group 3: Strategic Partnerships - The collaboration with NVIDIA expands Beamr's reach to over 22,000 startups and ISVs, providing them with access to high-performance video solutions [2][3] - NVIDIA's Inception program offers startups resources, training, and preferred pricing on NVIDIA products, while NVIDIA Connect helps ISVs shorten time-to-market with expert guidance and exclusive pricing [3]
Beamr Cloud Now Available to Members of NVIDIA’s Startup and ISV Programs at Special Rates
Globenewswire· 2025-03-19 16:10
Core Insights - Beamr Imaging Ltd. has launched its Beamr Cloud video service for members of NVIDIA's startup and ISV programs, offering special rates to enhance AI development and deployment with GPU-accelerated video operations [1][2] Group 1: Company Overview - Beamr Imaging Ltd. is a leader in video optimization technology, serving major media companies like Netflix and Paramount, and is recognized for its innovative perceptual optimization technology, which has won an Emmy® award [5] - The company holds 53 patents related to its technology, which can reduce video file sizes by up to 50% while maintaining quality [5] Group 2: Product Features - Beamr Cloud provides high-efficiency, scalable video processing, reducing video file sizes by 30%-50% and lowering costs associated with CDN, networking, and storage for video on demand (VoD) and live streaming at up to 4K resolution at 60 frames per second [4] - The service supports all major video formats, including AVC, HEVC, and AV1, and enhances videos with AI-powered capabilities during the transcoding process [4][6] Group 3: Strategic Partnerships - The collaboration with NVIDIA expands Beamr's reach to over 22,000 startups and ISVs, facilitating the delivery of high-quality video solutions across various industries, including media, entertainment, and autonomous vehicles [2][3] - NVIDIA's Inception program provides startups with resources, training, and preferred pricing on NVIDIA products, while NVIDIA Connect helps ISVs accelerate their time-to-market [3]