Israel based WSC Sports an enterprise seeking to dominate sports video content and distribution through the development of its AI-powered platform, has announced that it has secured $23 million (€20 million) in Series C funding.
The WSC Sports platform is able to analyse live match broadcasts, identifying event highlights that can be quickly customized into short-form video-clips enabling the fastest distribution by partners and publishers.
The Video platform’s benefits include significantly reducing video production times for marketing teams, in addition to improving all-around distribution networks.
The ‘sports-tech‘ start-up is founded by the enterprise team of Daniel Shichman (CEO), Aviv Arnon (VP Business Development), Shmulik Yoffe (CTO) and Hy Gal (COO).
“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.
The Series C funding round was led by Israeli financier and shipping magnate Eyal Ofer’s OG Tech Partners fund which services a client portfolio which includes the Bundesliga, NBA, PGA Tour and Cricket Australia.
As part of the of the investment, OG Tech’s managing director, Roy Oron, will join the company’s board of directors.
Backing 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.”