Israeli video and broadcasting options firm Beamr Imaging filed on Tuesday with the SEC for an preliminary public providing (IPO) on Nasdaq. The corporate supplied no particulars about how a lot it needed to boost or at what valuation however the “Renaissance Capital” web site reported that Beamr would increase as much as $35 million.
Herzliya-based Beamr gives video encoding, transcoding, and optimization options that permit prime quality, efficiency, and effectivity for video and pictures. Final 12 months, the corporate was awarded an Emmy for its expertise.
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Beamr’s prospects embody content material distributors, OTT (Web broadcasters), video streaming platforms, and Hollywood studios, with prospects together with Netflix, ViacomCBS, Microsoft, and Walmart.
In line with IVC, Beamr was based in 2009 by CEO Sharon Carmel, and has raised $29 million to this point together with its most up-to-date financing spherical in 2020. In line with Beamr’s prospectus, Carmel is a serial entrepreneur with confirmed expertise with software program corporations. He was one of many founders of Emblaze and subsequently based Belnsync, which was bought for $22 million.
Beamr reported income of $3.3 million in 2021, up 4% from 2020, and narrowed its loss to $952,000 final 12 months from $2.5 million in 2020.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 23, 2022.
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