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Excellent Post, Volcano...so I posted it again...
Disruptive ⚪️ Technology
Video is everywhere: We watch Netflix or Amazon Prime on television, YouTube and social media clips on our smartphones and homemade videos on messenger apps. We spend an average of 150 minutes a day watching videos online - that is about 1 of every 6 minutes of our waking hours!
Videos already account for 80% of global online traffic, yeah that's how big it is, and there is more and more demand for digital space in this market. One noticeable example is the booming sector of Artificial Intelligence (AI), which attracts tech giants and many startups in Machine Learning, Vision AI and Generative AI. Videos are also essential for automated cameras, required for security or regulatory reasons, or for a company that builds their Zoom recordings library -- and these are just a few of the relevant use cases.
This huge motion picture ball has high costs. Working with video is expensive and complex. It demands constant updates and format changes. Tech giants, like Google or Meta, have the resources to handle this successfully, but many businesses can't do it by themselves.
Here is the sweet spot of Beamr (NASDAQ:BMR). With patent-proven and award-winning technology for optimizing videos, without compromising quality, and with a 13-year track record - Beamr is now collaborating with Nvidia, the GPUs empire, on a new cloud service that automates and lowers the cost of the essential services of video compression, storage and transfer. How? As with many effective technologies, the explanation is simple: it enables users to easily shrink files and save up to 50% on video storage costs - while the videos always look the same.
"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, Beamr CEO. "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 was $7.3 Billion in 2021, and is expected to grow to $13.5 Billion next year. Many experienced players move to the cloud, and many new ones join. The hybrid cloud solution, combining Beamr technology with Nvidia hardware and operating over Amazon's AWS, fits exactly these customers' needs, now and into the future of the video world.
Carmel explained: "Every company that has a large repository of videos, whether it was accumulated over years and needs management and updates, or whether it is part of Vision AI research or Machine Learning training that demands a lot of video power - has huge storage and networking costs associated with it. We can allow these users to free resources and in 2024 we intend to take it even further with upcoming products we will launch".
Behind the scenes is 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 in 2021. To explain this exceptional technology in the most straightforward way, imagine a keen-eyed video expert examining a video file, frame by frame, and never missing a beat. Every pixel is perfect, every color vibrant, every motion smooth - yet size and costs lower significantly.
The ⬜️ Winning ⬜️ Formula
BMR Presentation | BMR Website
$BMR
👉️ FILING SC 13G
(1) Consists of 1,042,445 ordinary shares of the Issuer held of record by Innovation Endeavors II, L.P. (“L.P.”). Innovation Endeavors Partners II, LLC (“LLC”) is L.P.’s General Partner, and Dror Berman is a Managing Member of LLC. As such, each of LLC and Mr. Berman may be deemed to have voting and investment control over the shares held by L.P.
(2) Calculated by dividing (a) the number of ordinary shares reported as beneficially owned as set forth in row 9 by (b) 13,051,343 of the Issuer’s ordinary shares outstanding as of December 31, 2023, as reported by the Issuer in Amendment No. 1 to Form F-1 Registration Statement, filed with the United States Securities and Exchange Commission on January 12, 2024.
Link > SC 13G
$BMR
👉️ NEWS! Beamr Imaging Ltd. Announces Closing of Public Offering and Full Exercise of Underwriter’s Option to Purchase Additional Shares
Herzliya, Israel, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Beamr Imaging Ltd. (Nasdaq: BMR) (“Beamr” or the “Company”), a leader in video optimization technology, today announced the closing of its previously announced public offering of 1,971,300 ordinary shares, including 257,100 shares sold upon full exercise of the underwriter’s option to purchase additional shares, at a public offering price of $7.00 per share. Total gross proceeds from the offering, before deducting underwriting discounts and other offering expenses, were approximately $13.8 million. All of the shares were sold by the Company.
ThinkEquity acted as the sole book-running manager for the offering.
The Company intends to use the net proceeds for research and development efforts, sales and marketing activities, cloud operating costs, as well as general and administrative corporate purposes, including working capital and capital expenditures.
A registration statement on Form F-1 (File No. 333-272257) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on February 12, 2024. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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. https://www.beamr.com
$BMR
👍️ Added 10s...$BMR
😺 BOOKMARK this post 👇️
$BMR
They certainly can. $1 billion / 15M OS = $67 per share. 🤑
Could be worth a couple, few billions...$200 per share. 😺
$BMR
its inching back up now, thats a good sign. 
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