Verizon Ventures Invests in Beamr

Israeli video optimization startup Beamr announced it has secured $4M in funding from Verizon Ventures. Previous investors in the Tel Aviv-based video and image encoding and processing company with commercially deployed content adaptive optimization technology include Eric Schmidt’s fund Innovation Endeavors, Marker LLC, and Disruptive. Beamr raised $15 million in March and $9.5 million in a financing round in 2014.

Verizon Ventures’ investment will support Beamr’s contribution to improved network performance and video quality and will enable the Israeli startup to accelerate development of solutions that will feature the company’s highly regarded and patented perceptual quality measure technology.

To read the full story on Globes, please click here.

Author: Ethan Goldspiel

Comments are disabled.