2 years ago

Deep Render Raises €8.48 Million to Solve the Internet's Data Crisis

  • Deep Render, a London-based startup, has raised €8.48 million ($9 million) to scale its AI-powered video compression technology

  • The round includes a $6.3 million Series A led by IP Group and Pentech Ventures, plus a grant from the European Innovation Council

  • Deep Render's technology shrinks video sizes without sacrificing streaming quality, making it a potential solution to the internet's data and bandwidth crisis

  • The company's AI-powered codec can make videos up to 5x smaller compared to existing standards, reducing content delivery costs for businesses by up to 80%

  • Deep Render's solution is instantly deployable and scalable, making it accessible to a wide range of users and applications.

      • ProblemTechnology

      "making the internet more scalable and handling excessive data traffic causing bandwidth limitations"

      Solution

      "using artificial intelligence-driven video compression to shrink video sizes without sacrificing streaming quality"

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