At Beamr, we know better than anyone else that online video consumption has reached critical mass. Content owners of all kinds are seeking our help to continuously improve streaming performance in order meet their consumers’ viewing expectations. To satiate the ever-growing appetite for high-quality video on increasingly strained networks, reliable encoding and optimization solutions have emerged as the driving force for solving video delivery challenges and we are leading the charge.
We are committed to continuing our work enabling even greater optimization opportunities and innovations by providing the best video experiences on any device, with powerful tools backed by an amazing team of experts.
As part of this commitment to our continued growth, I am pleased to let you know that Beamr has announced today that it has raised a $15M funding round, and is acquiring Vanguard Video, the global leader in supplying professional, broadcast quality H.265 and H.264 codec technologies to top tier customers around the world. Together we will lead the charge with more than 80 employees, and offices in Palo Alto, Calif., Tel-Aviv and St. Petersburg, Russia.
This move is possible only because of the very capable combined teams at both organizations. By combining the intellectual capital, expertise and technology strengths of both companies, Beamr will be positioned to offer an unmatched product portfolio, facilitating both current and new customers in increasing their volume of video delivery across multiple screens, while improving their overall network efficiency. I believe that the combination and integration of Beamr and Vanguard Video technologies will create a solution that will dominate innovation in the market.
This has been an exciting time for me, as well as for the highly skilled and hardworking members of the company, who I cannot say enough about. We are looking forward to providing more exciting information about our plans in the near future – starting at NAB Show® in a few weeks.