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Market Mover | Beamr Imaging Shares Surge 41% After the Company Announced its Beamr Cloud Solution is now Available in the Oracle Cloud Marketplace

Moomoo News ·  Jun 12 10:03  · Movers

June 12, 2024 - $Beamr Imaging (BMR.US)$shares surged 41.25% to $6.215 in intraday trading on Wednesday. Beamr Imaging announced that its Beamr Cloud solution is now available in the Oracle Cloud Marketplace.

The solution provides customers access to high-quality, fast, and scalable video optimization and transformation using Beamr’s patented and award-winning Content-Adaptive-Bitrate solution (CABR), enabled by NVIDIA accelerated computing.

The availability of Beamr Cloud in the Oracle Cloud Marketplace offers customers confidence that the partner's application is supported by the Oracle Cloud Infrastructure SLA, enabling full access and control over their cloud infrastructure services as well as consistent performance. By using NVIDIA accelerated computing, Beamr enables customers to process videos significantly faster and meet AI companies’ demands for unmatched video compression.

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