Thursday, March 31, 2016 5:19:00 AM PDT | VentureDeal
Tel Aviv, Israel -- Digital media software company Beamr has raised $15 million in new venture capital financing.
Beamr has created video compression technologies that helps video streaming companies reduce the size of their media files by up to 50%, resulting in a better user experience in lower delivery costs. Disruptive Growth led the round, which included previous investors Marker and Innovation Endeavors. The company did not say how the funding proceeds would be used. Concurrent with the announcement Beamr also announced the acquisition of Vanguard Video.
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