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INDUSTRY FIRST

Deep Render Lands $9M For Its Ai-Powered Video Compression Tech

Mar 29, 2023•over 2 years ago

Amount Raised

$9 Million

London

Investors

BesenbruchPentech VenturesIp Group

Description

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 Information

Company

Deep Render

Location

London, Ontario, Canada

About

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.

Company News

(4 articles)

Thu, 30 Mar 2023 07:00:00 GMT

Deep Render Raises $9 Million in Funding - The SaaS News

Tue, 18 Oct 2022 07:00:00 GMT

Deep Render believes AI holds the key to more efficient video compression - TechCrunch

Fri, 29 Sep 2023 07:00:00 GMT

Deep Render Says Its AI Video Compression Tech Will 'Save the Internet' - Tom's Hardware

Wed, 29 Mar 2023 07:00:00 GMT

London-based Deep Render bags €8.48 million to solve the internet's data and bandwidth crisis - EU-Startups

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