Veo Technologies raises €20 million in funding for global expansion
Summary
As of December 2020, over 200,000 games have been recorded on Veo cameras, and the number is set to drastically increase in coming years, as clubs are standing in line to acquire their own AI-driven device. The camera, which was primarily built for youth squads as a segue into talent development, has been a big hit even with major professional soccer clubs throughout Europe and the US. Veo can be found on the sidelines in major soccer leagues such as the Premier League, La Liga, Serie A and Ligue 1, while also roaming the sidelines of several clubs in the MLS, including Inter Miami, Austin FC, Atlanta United and FC Cincinnati. The €20 million injection allows Veo to further invest in product development and accelerate their ongoing global expansion, which centers on gaining an even stronger foothold in the american market. That way, we can maintain momentum as we invest further into product development, while also expanding into more sports such as basketball and american football.” The round is led by Danish investor Chr.
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