- AI-powered sports video content WSC Sports recently announced it raised $23 million in Series C funding
WSC Sports — the leader in AI-powered sports video content — recently announced it has raised $23 million in Series C funding bringing the company’s total funding to $39 million. And the new funding round will be used to further expand WSC’s growth across new sports, products, and geographic regions.
This round of funding was led by O.G. Tech Ventures, which is the international tech investment arm of Ofer Global. NTT DOCOMO Ventures, HBSE Ventures (the venture arm of Harris Blitzer Sports & Entertainment), Maor Investments, ISF, and Go4it Capital also joined the round. O.G. Tech Managing Director Roy Oron is joining the company’s board of directors as part of the funding round.
Existing investors Intel Capital, Detroit Venture Partners (Dan Gilbert’s venture capital firm), Elysian Park Ventures, WISE Ventures (Wilf family, owners of the Minnesota Vikings), 2BAngels, and iAngels also joined the round. And this funding round comes after a year of massive growth for WSC Sports as it doubled its customer base and revenue year over year for the last 3 years growing to more than 100 employees worldwide.
This funding round follows an announcement in June that NBA Commissioner Emeritus David Stern and ESPN’s former Vice President of Digital Media John Kosner have joined WSC Sports as advisors.
“I am thrilled that such strategic investors have joined WSC Sports and am incredibly appreciative that our existing investors believe in the company and continue to support us. I am proud of what we have built so far with our amazing team and unique culture, and confident this new round of funding will help us to continue to grow and impact the way sports media rights owners provide the best experience to their fans,” said WSC Sports CEO and co-founder Daniel Shichman.
WSC Sports’ AI technology generates personalized and automatic sports video content in near real-time. And WSC has innovated the way sports and media owners create and distribute short-form video highlights at scale and works with tier-1 clients including NBA, Bundesliga, PGA Tour, US Open, Bleacher Report, Discovery, MLS, FIBA, Cricket Australia, WarnerMedia, etc. Last year, WSC Sports analyzed more than 17,000 sporting events and produced more than 850,000 videos for customers.
“We are proud to be a part of WSC Sports’ journey as it leads the way in revolutionizing the way in which people consume sports around the world. O.G. Tech’s lead role is consistent with our strategic ambition of focusing on unique growth opportunities led by exceptional founders. We are delighted that this funding will help the company with its global expansion across new sports, products and countries,” added Ofer Global chairman Eyal Ofer.