InterDigital has announced the acquisition of Deep Render.
London-based AI startup Deep Render has been acquired by InterDigital inc. in a move designed to drive the company’s AI-native video research and leadership in video compression. Founded in 2018, Deep Render has pioneered the use of AI in video and image compression, enhancing processing and distribution methods.
Under the terms of the agreement, Deep Render’s AI-based video coding portfolio will be added to InterDigital’s own video portfolio. A team of AI experts will also joint InterDigital’s Video Lab.
Liren Chen, president and CEO, InterDigital, said, “With Deep Render’s strong focus on research and engineering, and on solving some of the most complex challenges in video, we believe this acquisition is an excellent fit for InterDigital. The transaction deepens our talent pool in AI and video and extends InterDigital’s leadership in the efficient delivery of high-quality video, which enables consumers to enjoy content on a range of devices and a growing range of streaming and other video-based services.”
“Acquiring Deep Render means that we’re perfectly positioned to lead the development of the next generations of video technologies, building on our existing leadership in HEVC and VVC,” added Rajesh Pankaj, InterDigital’s CTO. “At InterDigital we have spent years placing AI at the centre of our wireless and video research to make networks more efficient and to change the way we consume content, and this acquisition only adds to our research leadership.”
Deep Render’s head of engineering, Sebastjan Cizel, said, “InterDigital is the perfect home for Deep Render’s end-to-end AI-based video compression technology. Our world-class research and engineering team shares InterDigital’s commitment to advancing video innovation, and together we are uniting decades of video research with cutting-edge AI to drive the next generation of compression technologies and shape the future of how video content is delivered.”
