Spiideo Raises $20M in Growth Funding to Expand AI-Powered Sports Video Solutions
As a global market leader present in over 60 countries, Spiideo is at the forefront of transforming sports analytics and video production through advanced AI technology.
Company Name: Spiideo
Location: Malmö, Sweden
Sector: Sports Technology, Artificial Intelligence
Funding Details: Raised $20M in Growth funding. The round was led by Cipio Partners, with participation from existing investors Mathias Kamprad, Måns Hultman (Tassaka AB), and Håkan Roos (Roosgruppen AB). Roland Dennert, Managing Partner at Cipio Partners, will join the Spiideo board.
Purpose of Investment: To expand operations and enhance development efforts.
Leadership: Led by CEO Patrik Olsson.
Product: Spiideo specializes in AI automated video solutions for the sports industry, offering cutting-edge video production, analysis, and consumption technologies. Their products are installed in over 6,000 venues and are used by more than 4,000 teams worldwide, including top-tier leagues like the Premier League, NHL, NBA, Serie A, MLS, Ligue 1, NCAA, Liga MX, and Bundesliga. Spiideo's cloud AI native cameras provide automated production and analysis services that revolutionize how sports performances are captured and studied.
About Company: As a global market leader present in over 60 countries, Spiideo is at the forefront of transforming sports analytics and video production through advanced AI technology. The company’s solutions enable teams and venues to enhance the quality of game analysis and fan engagement without the need for extensive manual effort.
Impact: With the new funding, Spiideo aims to further its reach in the sports technology market, improving existing solutions and potentially introducing new services. The investment will also support Spiideo’s expansion into new geographical markets and the development of its technology stack to keep up with the evolving demands of the sports industry.