WSC Sports Raises $23 Million in Series C Funding

Backed by new and existing investors, new funding to accelerate
growth of AI-driven video platform

Tel Aviv, Israel (ots/PRNewswire) - WSC Sports
(https://wsc-sports.com/), the leader in AI-powered sports video
content, announced today it has raised $23 million in Series C
funding, bringing the company's total funding to $39 million. The new
capital will be used to further expand WSC's growth across new
sports, products and geographic regions.

This funding round was led by Eyal Ofer's O.G. Tech Ventures
("O.G. Tech") - 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.

WSC Sports' award-winning AI technology generates personalized and
automatic sports video content in near real-time. WSC has innovated
the way sports and media owners create and distribute short-form
video highlights at scale and works with tier-1 clients including
NBA, Bundesliga, PGA Tour, US Open, Bleacher Report, Discovery, MLS,
FIBA, Cricket Australia, WarnerMedia and many more. In 2018, WSC
Sports analyzed more than 17,000 sporting events and produced more
than 850,000 videos for its customers.

"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" said Daniel Shichman, CEO and Co-Founder,
WSC Sports.

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."

Existing investors also joined the funding round, including Intel
Capital, Detroit Venture Partners (Dan Gilbert's venture capital
firm), Elysian Park Ventures, WISE Ventures (Wilf family, owners of
the Minnesota Vikings), 2BAngels and iAngels. The funding comes after
a year of explosive growth for WSC Sports - doubling its customer
base and revenue year over year for the last 3 years, growing to more
than 100 employees worldwide and expanding its global footprint with
offices in New York and Sydney.

About WSC Sports

WSC Sports' platform generates personalized sports videos for
every platform and every sports fan - automatically and in real-time.

Currently being used by leading media rights owners such as
WarnerMedia, NBA, MLS, US Open, PGA Tour, Bundesliga and others, WSC
Sports' platform utilizes advanced AI capabilities to analyze live
sports broadcasts, identify each and every event that occurs in the
game, create customized short-form video content, and publish to any
digital destination.

This enables partners to instantly generate and distribute
professionally edited personalized clips and videos on a large scale
to engage audiences and maximize video monetization opportunities.

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ots Originaltext: WSC Sports
Im Internet recherchierbar: http://www.presseportal.de

Original-Content von: WSC Sports, übermittelt durch news aktuell