WSC Sports raises $23m
August 8, 2019
WSC Sports, a leader in AI-powered sports video content, announced it has raised $23 million (€25.69m) in Series C funding, bringing the company’s total funding to$39 million. The new capital will be used to further expand WSC’s growth across new sports, products and geographic regions.
This funding round was led by Eyal Ofer’s O.G. Tech Ventures (“O.G. Tech”) – the international tech investment arm of Ofer Global, along with NTT DOCOMO Ventures, HBSE Ventures – the venture arm of Harris Blitzer Sports & Entertainment, Maor Investments, ISF and Go4it Capital. Roy Oron, Managing Director at O.G. Tech, will be joining the company’s board of directors. This follows the June announcement that David Stern, Commissioner Emeritus of the NBA and John Kosner, former Vice President of Digital Media at ESPN, have joined WSC Sports as advisors.
WSC Sports says its award-winning AI technology generates personalised and automatic sports video content in near real-time. 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 and many more. In 2018, WSC Sports analyzed more than 17,000 sporting events and produced more than 850,000 videos for its customers.
“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 Daniel Shichman, CEO and Co-Founder, WSC Sports.
WSC Sports’ platform generates personalised sports videos for every platform and every sports fan – automatically and in real-time. Currently being used by leading media rights owners such as WarnerMedia, NBA, MLS, US Open, PGA Tour, Bundesliga and others, WSC Sports’ platform utilises advanced AI capabilities to analyse live sports broadcasts, identify each and every event that occurs in the game, create customised short-form video content, and publish to any digital destination.