receives €2.4 million grant from the EU to strengthen its AI unit.
Summary
“This is great recognition for the company and shows the success of the innovation that has taken place in recent years. It is a good non-dilutive injection into the company, and this will create dozens of new jobs for us,” says Gudjon Gudjonsson, CEO of OZ Sports. Good experience has been gained in the companys current technology and has been used for the production of hundreds of foreign sporting events. “We are committed to building up the industrys strongest AI and machine learning team to process real-time data from our sports leagues. We are about producing our sports leagues with great storytelling and narratives, powered by people; empowered by machines.” says Gudjon.
Funding
Amount
$2.7M
Total raised
Date
January 20, 2020
Announcement date
Investors
-
Lead investors
Company
http://www.oz.com
Funded company
Classifications
industries
Entertainment
applications
Collaboration & Communication
AskAI Classifications
Labels
Sports Broadcasting Software
AI Video Production Software
SaaS
Linked Companies
OZ Sports
$5M to $10M