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HERZLIYA, Israel - Video optimization technology provider Beamr Imaging Ltd. (NASDAQ:BMR), a $53 million market cap company with impressive 92% gross margins, announced Friday it has made further progress validating its content-adaptive, GPU-accelerated technology for the autonomous vehicle market. According to InvestingPro data, the company has maintained steady revenue growth of 5.3% over the last twelve months.
The company reported successful completion of multiple proof of concept (PoC) tests with autonomous vehicle system developers in recent months. According to Beamr, its technology demonstrated 20%-50% savings on video data used in machine learning training processes without compromising model results. With an overall Financial Health Score of "FAIR" from InvestingPro, the company shows potential despite current market challenges.
"We are encouraged by the progress that we have made so far with our AV offering, which has already been proven with successful PoCs with AV systems developers," said Sharon Carmel, founder and CEO of Beamr.
The company noted that video is the dominant data type in autonomous driving development, with a single vehicle producing terabytes of video data daily. Training a single autonomous model may require tens to hundreds of petabytes of data, creating significant storage and infrastructure challenges.
Beamr’s Content-Adaptive Bitrate technology (CABR) aims to address these challenges by reducing video file sizes while maintaining quality needed for machine learning applications.
The announcement follows an initial launch of Beamr’s solution for autonomous vehicles, as stated in the company’s press release. Beamr, which holds 53 patents for its technology, serves markets including media and entertainment, user-generated content, and machine learning applications.
In other recent news, Beamr Imaging Ltd. reported a 55% increase in revenue for the first quarter of 2025 compared to the previous year. This growth is attributed to the early recognition of a significant legacy license renewal. As of March 31, 2025, the company held $15.2 million in cash and cash equivalents. Beamr has been actively expanding its sales team, adding two U.S.-based sales managers, and engaging in over 130 meetings with customers and strategic partners. The company showcased its technology at major industry events, earning the NAB Show Product of the Year award for its AV1 codec solution. Beamr also joined the AWS ISV Accelerate program to enhance visibility and co-selling opportunities. To support its growth, Beamr hired six new team members across various locations, including engineers and sales directors. The company is focusing on addressing challenges in large-scale video workflows and is optimistic about future business development.
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