Deep Render raises $6.3m Series A and a $2.7m grant to scale AI compression technology.
The Series A round was led by IP Group and Pentech Ventures.
Deep Render develops neural video compression technology designed to reduce file sizes and alleviate internet bandwidth pressure. Its software functions across existing hardware to improve streaming quality and lower delivery costs.
London-based video compression startup Deep Render has secured $6.3m in Series A funding alongside a $2.7m grant from the European Innovation Council. The round was led by IP Group and Pentech Ventures. The proceeds will be directed towards team expansion, commercial acceleration, US market entry, and patent filings.
From the founder
"If something doesn’t change soon, the free and open web as we know it will cease to exist,"
Arsalan Zafar
Co-founder and CTO at Deep Render
Investor perspective
"It’s become almost cliched for tech brands to describe themselves as disruptive and revolutionary, but Chri, Arsalan and the team at Deep Render certainly buck this trend. They have created an innovation that has the potential to completely transform the internet as we know it while supporting a truly free and open web."
Jon Edignton
Head of Software Investment, IP Group
Use of funds
- 01Grow the team
- 02Accelerate go-to-market
- 03Expand into international markets
Investors
Categories
About the company
Deep Render
Deep Render develops neural video compression software to reduce bandwidth demands.