TLDR:
- Spideo, an AI video startup, receives a $20 million VC investment led by Cipio Partners and Mathias Kamprad.
- The company provides AI-powered video and analytics software for sports teams in the NBA, NHL, and English Premier League.
In a recent announcement, Spideo, a Swedish AI video startup, has secured a $20 million venture capital investment from a group led by Cipio Partners and billionaire Mathias Kamprad, son of the Ikea founder. Spideo specializes in providing AI-powered video and analytics software to teams in major sports leagues such as the NBA, NHL, and English Premier League. The company’s automated video products are used for player training and multi-angle replays for referees in sporting applications.
One of Spideo’s major achievements is its partnership with ESPN, where the company’s camera systems are being utilized to automatically stream hundreds of academic games hosted at the Orlando Wide World of Sports facility each week. The recent funding round marks the first investment in Spideo by the German technology company Cipio. Other key investors in the round include Swedish executives Måns Hultman and Håkan Roos.
With the new funding, Spideo plans to expand its product offerings, AI capabilities, and international sales teams. The company currently generates over half of its revenue from North America and serves a wide range of sports leagues and clubs, including German Bundesliga, MLS, and NCAA. Some notable clubs using Spideo’s products include LA Galaxy, Inter Milan, Brentford, and Wolverhampton.
Overall, the investment in Spideo highlights the growing demand for AI-powered video solutions in the sports industry and positions the company for further growth and expansion in the global market.
