5 years ago
Deep Render Raises £1.6 Million for Revolutionary Image Compression Technology
Deep Render, a London-based machine learning startup, has raised £1.6 million in seed funding led by Pentech with participation from Speedinvest
The company's revolutionary image compression technology, developed at Imperial College London, mimics the human eye's neural processes, reducing file sizes by 10x while maintaining visual quality
The funding will be used to further develop the product and hire new talent.
ProblemTechnology
"The increasing volume of digital data, particularly images and videos, is putting a strain on existing compression technologies, leading to slower transmission speeds, higher storage costs, and reduced quality."
Solution
"Deep Render offers a revolutionary image compression technology that mimics the human eye's neural processes, reducing image file sizes by 10 times without compromising visual quality, thus addressing the growing demand for data storage and transmission."