AI-powered sports video content provider WSC Sports has raised $23m in Series C funding to bring the company’s total capital to $39m. It will be used to further expand WSC’s growth across new sports, products and geographic regions as it continues to partner with, among others, the likes of the NBA, MLS, PGA Tour and US Open.
The latest funding round was led by Eyal Ofer’s O.G. Tech Ventures – 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.
Company CEO and Co-Founder Daniel Shichman commented: “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.”
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.”
WSC Sports’ AI technology generates personalized and automatic sports video content in near real-time. In 2018, the firm analyzed more than 17,000 sporting events and produced more than 850,000 videos for its customers.