Qencode, a privately owned company headquartered in the US, founded in 2017 with an estimated 10 employees, reported $293,859.3 in revenue as of 2023. The company's main product focuses on video processing and playout, specializing as a technology provider of cloud-based solutions for video encoding and transcoding.
On February 24, 2026, Qencode joined the Alliance for Open Media (AOMedia) at the Promoter level, contributing its video technology knowledge to the Video Codec Working Group, responsible for AV1 and AV2 advancements. This move strengthens Qencode's commitment to open standards and the practical deployment of next-generation codecs, aiming to enhance interoperability and simplify adoption for developers and media companies. Previously, on January 12, 2026, Qencode released an update to its AV1 offering. This update sought to address previous challenges, such as prohibitive economics and limited device support, that had hindered the widespread deployment of the AV1 codec despite its compression gains.
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