Beamr, a Palo Alto, CA- Tel Aviv, Israel- and St. Petersburg, Russia-based provider of media optimization solutions, raised $15M in funding.
The round was led by Disruptive Growth, with the participation of Marker and Innovation Endeavors.
The company is also acquiring Vanguard Video, a provider of HEVC and H.264 codec technologies. Following the acquisition, Beamr will offer a full array of media compression and optimization solutions to its OTTs, Cable, Satellite, Telcos and mobile operator customers allowing them to deliver a superior viewing experience over congested networks.
Led by Sharon Carmel, Founder and CEO, Beamr provides media optimization solutions to web publishers, social networks and media companies. The company offers a patent-pending perceptual video optimizer, which reduces the bitrate of H.264 and HEVC streams and enables content and service providers to distribute high-quality video, with faster downloads and smoother streaming on bandwidth constrained connections.