Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, August 08 2019 - 18:00
AsiaNet
WSC Sports Raises $23 Million in Series C Funding
TEL AVIV, Israel, August 8, 2019 /PRNewswire-AsiaNet/ --

Backed by new and existing investors, new funding to accelerate growth of 
AI-driven video platform 

WSC Sports (https://wsc-sports.com/), the leader in AI-powered sports video 
content, announced today it has raised $23 million 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. 

Logo: https://mma.prnewswire.com/media/957852/WSC_Sports_Logo.jpg

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' award-winning AI technology generates personalized 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.

Eyal Ofer, Chairman of Ofer Global, said: "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."

Existing investors also joined the funding round, including 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. The funding comes after a year of explosive growth for 
WSC Sports – doubling its customer base and revenue year over year for the last 
3 years, growing to more than 100 employees worldwide and expanding its global 
footprint with offices in New York and Sydney. 

About WSC Sports

WSC Sports' platform generates personalized 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 utilizes 
advanced AI capabilities to analyze live sports broadcasts, identify each and 
every event that occurs in the game, create customized short-form video 
content, and publish to any digital destination. 

This enables partners to instantly generate and distribute professionally 
edited personalized clips and videos on a large scale to engage audiences and 
maximize video monetization opportunities.

Source: WSC Sports