Deep Render Lands $9M For Its Ai-Powered Video Compression Tech
03/29/23, 1:04 PM
Location
Money raised
$9 million
Investors
Besenbruch, Pentech Ventures, Ip Group
Deep Render, a startup developing AI-powered tech to compress videos on the web, today announced that it raised $9 million in a Series A funding round led by IP Group and Pentech Ventures. A source familiar with the matter tells TechCrunch that the round values the startup at $30 million, a respectable number for a five-year-old startup in light of the recent market turbulence.
Company Info
Location
london, ontario, canada
Additional Info
Deep Render is a deep tech startup developing the next generation of image and video compression technology using an AI-first approach. We are the first mover in the field, and our patented algorithms are at the forefront of the machine learning revolution. Our state-of-the-art results provide up to 80% improvement over previous standards.
With the largest leap in compression performance in history, we enable content owners to increase available markets and reduce costs dramatically. Additionally, 80% smaller filesize is equivalent to 5X'ing the bandwidth capacity of the world, generating trillions of dollars of value for society.
Visit deeprender.ai for more information.