Epoxy.ai, an AI and machine learning software provider, is set for a significant boost to its operations after being the subject of a multi-million dollar funding round led by SeventySix Capital and Andover Ventures.
The AI and ML personalization tech firm will use the investment to “enable the global expansion of its customizable experiences.”
Its services provide support to sports leagues, betting operators and media firms’ customer acquisition and retention using its licensed APIs. Epoxy.ai boasts a client list including AWS, Kambi, Playtech, and NASCAR.
“As part of our latest funding round, we’re delighted to secure investments from both SeventySix Capital and Andover Ventures,” stated Chris Reynolds, Co-Founder and CEO of Epoxy.ai.
“While we’re only at the start of our journey, it is an incredible vote of confidence in our cutting-edge technology and we’re confident that our understanding of AI and ML technologies will allow us to bring unmatched engagement to partners.”
The AI firm has also recently launched its SmartPicks product, a personalized betting offering that has gone live with betPARX. SmartPicks uses Epoxy.ai technology to offer one-to-one personalized bets for each player and gives suggested bets based on prior activity.
Whilst establishing itself in the sports betting space, the firm is also eyeing the online casino and media sectors and will use further funding rounds to provide backing to this expansion.
SeventySix Capital and Andover Ventures provided the majority of equity for this round but several other investors joined the round. Epoxy noted it anticipates further investment “in the coming weeks”.
“Epoxy.ai has an excellent management team and a proven product already that stands apart,” an Andover Ventures statement read. “We’re delighted to back them with our investment and look to work together to progress to the next level. It’s an exciting time to be involved in the AI world, and we are sure that Epoxy.ai will push its betting and gaming products to new heights.”