Beamr Releases Second Beta of Video Storage Optimization SaaS with New API for Large-Scale Automation
06 September 2023 - 1:42PM
Beamr Imaging Ltd (NASDAQ: BMR), a leading provider of video
optimization solutions, today announced the second beta release of
its cloud service for video optimization, introducing new APIs that
empower customers to automate large-scale video optimization in the
cloud.
Beamr is focusing on optimizing public cloud video storage,
which is projected to reach a value of USD 13.5 billion by the end
of 2025. In Beamr’s IPO, which was completed in March 2023, Beamr
unveiled a 12-month roadmap. Initially, Beamr announced an
integration with Nvidia NVENC technology, offering up to a 10x
performance improvement over CPU-based solutions. Nvidia later
published a blog post highlighting the impressive results achieved
through this collaboration between Nvidia and Beamr.
In June 2023, Beamr introduced the first beta of its service,
enabling users to optimize videos through a simple user interface.
Today, Beamr announces the release of its Application Programming
Interface (API), ushering in large-scale automation
capabilities.
The Next release in the coming months will integrate Nvidia and
Beamr's solution into the SaaS platform, delivering a faster and
more cost-effective video storage optimization service on an
unprecedented scale. Additionally, Beamr plans to connect the
service to a payment system and launch it in Q1 2024, as originally
planned.
According to Sharon Carmel, Beamr's CEO, “The current milestone
featuring the API empowers Beamr's beta customers to rigorously
test the service at scale with full automation. Users of the
Service are expected to manage millions of files, and to maximize
storage and networking savings, they need to automate the file
optimization process. Beamr has developed APIs that enable video
service users to effortlessly submit millions of files to Beamr's
services without human intervention.”
"Prospective users can now experience Beamr technology at
scale," said Dani Megrelishvili, Beamr's Chief Product Officer. The
Beamr Video SaaS API is a critical component for service users, and
it is now available for our future customers to explore.
Megrelishvili added, "We are designing the service with simplicity
and ease of use in mind. Our goal is to encourage as many users as
possible to test our APIs and provide feedback so that we can
enhance and perfect the service for its Q1 2024 commercial
launch."
Despite being an enterprise-focused product, anyone can register
at Beamr.com using their email and experience Beamr video
optimization through a user-friendly drag-and-drop interface before
delving into automation and APIs.
Beamr is inviting you to visit https://cloud.beamr.com and
experience the Beamr SaaS first hand.
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
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Investor Contact:
investorrelations@beamr.com
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