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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/03\/29\/deep-render-lands-9-million-for-its-ai-powered-video-compression-tech\/<\/a><\/br> Deep Render<\/a>, 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<\/a> market<\/a> turbulence<\/a>.<\/p>\n Co-founder and CEO Chri Besenbruch tells TechCrunch that the fresh capital, which isn\u2019t inclusive of a new $2.7 million grant from the European Innovation Council, will be put toward product R&D and shifting Deep Render\u2019s customer acquisition efforts toward the U.S.<\/p>\n \u201cThe fundraising is driven by Deep Render hitting its internal milestones and triggering an inflexion point,\u201d Besenbruch said via email. \u201cAs a super deep \u2018hard tech\u2019 company, we\u2019ve successfully finished our R&D and productization.\u201d<\/p>\n Deep Render was founded by Besenbruch and Arsalan Zafar in 2018, after the two met at Imperial College London while studying computer science, machine learning and AI. Inspired by a research project they co-contributed to that involved sending terabytes of video data over a network, Besenbruch and Zafar were inspired to explore AI-powered video compression tech. The project frequently ran into network congestion\u2013related technical roadblocks, leading Besenbruch and Zafar to investigate an alternative \u2014 and, with any luck, better \u2014 way.<\/p>\n \u201cWe decided to fuse machine learning, AI and compression technology to develop a fundamentally new way of compressing data to get significantly better image and video compression ratios,\u201d Besenbruch said. \u201cWe started Deep Render to free the world of all bandwidth limitations by pioneering AI-based compression \u2026 AI-based compression doesn\u2019t try to \u2018fix\u2019 or \u2018work with\u2019 traditional compression, but replaces it entirely.\u201d<\/p>\n Take those pronouncements with a grain of salt. Deep Render isn\u2019t the only venture applying AI to the problem of video compression, nor is its AI a silver bullet necessarily.<\/p>\n Alphabet\u2019s DeepMind adapted<\/a> an AI algorithm originally trained to play board games to compress YouTube videos. Elsewhere, Nvidia, Disney Research and the University of California, Irvine have<\/a> conducted independent experiments<\/a> with AI-driven compression techniques for streaming video.<\/p>\n
\nDeep Render lands $9M for its AI-powered video compression tech<\/br>
\n2023-03-29 22:13:16<\/br><\/p>\n