Beamr Imaging Ltd. announced the second beta release of its cloud service for video optimization, introducing new APIs that empower customers to automate large-scale video optimization in the cloud. Beamr is focusing on optimizing public cloud video storage, which is projected to reach a value of USD 13.5 billion by the end of 2025. In Beamr?s IPO, which was completed in March 2023, Beamr unveiled a 12-month roadmap.

Initially, Beamr announced an integration with Nvidia NVENC technology, offering up to a 10x performance improvement over CPU-based solutions. Nvidia later published a blog post highlighting the impressive results achieved through this collaboration between Nvidia and Beamr. In June 2023, Beamr introduced the first beta of its service, enabling users to optimize videos through a simple user interface. Today, Beamr announces the release of its Application Programming Interface (API), ushering in large-scale automation capabilities.

The Next release in the coming months will integrate Nvidia and Beamr's solution into the SaaS platform, delivering a faster and more cost-effective video storage optimization service on an unprecedented scale. Additionally, Beamr plans to connect the service to a payment system and launch it in First Quarter 2024, as originally planned.