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ShotTracker is backed by Verizon in a $ 11 million funding round

Shot Tracker, a basketball data analysis company.

Source: ShotTracker

Sports technology company ShotTracker announced a $ 11 million round of funding on Thursday, led by Canada-based Verizon Ventures and broadcast equipment maker Evertz Technologies. The terms of the funding have not been announced.

ShotTracker is a data analytics company co-founded by Davyeon Ross that provides teams and broadcasters with real-time basketball statistics and insights. The system uses sensors located around the arena to track movement in real time, allowing players to identify the most productive areas on the court. Use basketball, player jerseys, and court sensor sensors to create 3D courts to enhance your analysis.

Installing the ShotTracker system costs about $ 45,000 and is used by more than 60 NCAA Men’s and Women’s College Basketball Schools, along with partners such as apparel companies Nike, Adidas, and Under Armor.

Using this funding, ShotTracker will use this money to accelerate deployment across the NCAA Division I Power 6 Basketball Conference, expand jobs, further strengthen key partnerships, and sensor capabilities and data for players, coaches, fans and broadcasters. Enhance your capture. “

ShotTracker said it will also improve its cloud infrastructure with Verizon and the addition of 5G capabilities.

Shot Tracker, a basketball data analysis company.

Source: ShotTracker

“ShotTracker’s real-time sports data transforms fan experience, athletic performance, sports broadcasts and more,” said Michelle McCarthy, managing director of Verizon Ventures, in a statement. “We are proud to invest in a team of industry veterans who will pave the way for data capture in gameplay to improve all areas of sports.”

Bill Moses, CEO of ShotTracker, said: Time statistics and analysis can mean. “

Last February, CNBC reported that ShotTracker has joined a partnership with ShotTracker’s leading sports marketing company, Learfield IMG, on its sponsorship marketplace.

Prior to this funding round, the company raised more than $ 25 million from investors, including NBA legendary Magic Johnson and former NBA Commissioner David Stern, who died last January.

ShotTracker is backed by Verizon in a $ 11 million funding round

Source link ShotTracker is backed by Verizon in a $ 11 million funding round

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