Video Tech Stock Soars Over 40% After Partnership Announcement
Beamr Imaging Ltd. Partners with Oracle Cloud Infrastructure for Advanced Video Processing.
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Beamr Imaging Ltd. (NASDAQ: BMR), a recognized leader in video optimization technology and a member of the Oracle PartnerNetwork (OPN), recently a significant advancement in their product offerings. The news led to a 44% increase in Beamr's stock price, reaching $6.32. The driving force behind this surge is Beamr’s new AI-ready video processing solution, now available to Oracle Cloud Infrastructure (OCI) customers.
Beamr Cloud Solution: Enabling Efficient Video Processing
Beamr’s latest innovation, Beamr Cloud, has achieved the Powered by Oracle Cloud Expertise designation and is now accessible in the Oracle Cloud Marketplace. This achievement signifies that the solution meets the rigorous standards set by Oracle for performance, security, and reliability. The Beamr Cloud solution leverages NVIDIA accelerated computing to deliver high-quality, fast, and scalable video optimization. This unique combination of technologies offers Oracle Cloud Infrastructure customers a state-of-the-art tool for managing and transforming video content. Key Features of Beamr Cloud
Content-Adaptive-Bitrate (CABR): Beamr’s patented CABR technology adapts the bitrate of video content based on its specific characteristics. This ensures efficient video compression without compromising quality.
NVIDIA Accelerated Computing: By integrating NVIDIA L40S GPUs, Beamr Cloud provides powerful AI compute capabilities alongside advanced graphics and media acceleration.
AV1 Encoding: The addition of AOMedia Video 1 (AV1) encoding delivers 30% more efficient video encoding compared to traditional H.264 formats. This results in improved performance and optimized total cost of ownership.
Scalability: Beamr Cloud is designed to scale with the needs of various industries, from AI and broadcasting to streaming and user-generated content.
NVIDIA L40S GPUs are at the heart of Beamr Cloud’s advanced video processing capabilities. These GPUs feature third-generation NVIDIA RTX accelerated ray-tracing technology, along with three encode and three decode engines. This setup enables Beamr Cloud to handle intensive video processing tasks efficiently.
Advancements in Video Encoding
The inclusion of AV1 encoding in the L40S GPUs marks a significant improvement over older video encoding methods. Most video content has been encoded using the H.264 format, which is now over two decades old. AV1 presents a modern alternative, offering better compression rates and higher efficiency. This transition is critical for industries dealing with large-scale video libraries, such as AI, broadcasting, and streaming. Oracle Cloud Marketplace serves as a comprehensive resource for Oracle customers seeking business applications and services that extend Oracle Fusion Cloud Applications. As part of this ecosystem, Beamr Cloud offers a trusted and verified solution for video processing. Oracle Cloud Infrastructure (OCI) provides a robust platform for Beamr Cloud’s operations. Key benefits include:
High Performance: OCI’s architecture ensures low latency and high throughput, essential for real-time video processing.
Reliability: The infrastructure supports high availability and disaster recovery, ensuring continuous service.
Security: OCI incorporates advanced security features to protect data and applications.
Sharon Carmel, CEO of Beamr, emphasized the importance of this collaboration in the AI era. "In the AI era, with the rapid growth in video usage and the necessity to analyze video data for insights extraction, data labeling, or monetization, Beamr offers a dual-efficiency solution with both high-quality and high-speed video compression and analysis, powered by Oracle Cloud and NVIDIA GPUs," said Carmel. "Beamr’s participation in Oracle PartnerNetwork and our achievement of Powered by Oracle Cloud Expertise further extends our commitment to the Oracle community, and enables customers to easily reap the benefits of Beamr Cloud. We look forward to leveraging the power of the Oracle Cloud to help us achieve our business goals."
David Hicks, group vice president, Worldwide ISV Cloud Business Development at Oracle, highlighted the potential of cloud technology for partners. "The cloud represents a huge opportunity for our partner community," said Hicks. "Beamr’s commitment to innovation with the Oracle Cloud and quality execution helps our mutual customers receive cloud-enabled, automated, and scalable video processing solutions ready to meet critical business needs." Bob Pette, Vice President of Enterprise Platforms at NVIDIA, also underscored the importance of accelerated computing in video optimization. “High-quality video optimization and coding require accelerated computing to maintain user efficiency and productivity,” stated Pette. “By using NVIDIA accelerated computing, Beamr enables customers to process videos significantly faster and meet AI companies’ demands for unmatched video compression.”
The Future
The partnership between Beamr Imaging Ltd. and Oracle Cloud Infrastructure, backed by NVIDIA’s cutting-edge technology, sets the stage for significant advancements in video processing. This collaboration is expected to drive innovation across various sectors, providing a robust and efficient solution for the growing demand for high-quality video content. Beamr’s stock price surge reflects investor confidence in the company’s strategic direction and technological advancements. As video usage continues to grow exponentially, the need for efficient video processing solutions becomes more critical. Beamr Cloud, with its AI-ready capabilities and support from industry giants like Oracle and NVIDIA, positions itself as a key player in this evolving landscape.
Beamr Imaging Ltd. has made a significant leap forward with the introduction of Beamr Cloud, a solution that promises to revolutionize video processing for Oracle Cloud Infrastructure customers. By harnessing the power of NVIDIA accelerated computing and the reliability of Oracle Cloud, Beamr is poised to meet the demands of modern video applications and lead the way in video optimization technology.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Please consult with a financial advisor before making any investment decisions.
As an investor it's important to stay updated with major news. Get real-time stock market alerts, news, and research by creating an account here.
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