london startup bag
This London startup bags $9M for AI-based video compression tech -- TFN
The amount of data on the internet is doubling every two years and 90% of it is video, the internet's infrastructure has reached a point of saturation. While there is massive data traffic, there is very little bandwidth to handle it, and the compression technologies that lie at its heart are buckling under pressure. London-based AI startup Deep Render has built a revolutionary video compression algorithm that shrinks video sizes up to 5x without compromising the streaming quality. Instead of improving on the traditional video compression systems, Deep Render has completely reinvented the technology to mimic the neural processes of the human eye. In a recent development, Deep Render, which operates with the mission to solve the data and bandwidth crisis threatening the future of the web, has raised $9 million in funding for its transformational video compression technology.