Video Optimization Startup Beamr Raises $15m

March 29, 2016 |Israeli video optimization startup Beamr has raised $15 million in a financing round led by Disruptive Growth and with the participation of previous investors Marker LLC and Eric Schmidt’s Innovation Endeavors. Beamr is also acquiring video conversion tech firm Vanguard Video to bolster its line of video encoding, media compression and optimization products, “Reuters” reports. No financial details about the acquisition were disclosed. Beamr is headquartered in Tel Aviv and was founded in 2009 by CEO Sharon Carmel. Beamr said that the acquisition will enable it to achieve unprecedented levels of video quality at very low bit rates to allow cable, satellite, mobile and other operators to deliver high quality video over congested networks.