Business
ShotTracker Secures $11M Financing led by Evertz Technologies and Verizon Ventures
Funding will support accelerated product deployment across NCAA basketball conferences, expand...
About this update from Evertz Technologies Limited
[{"type":"text","content":"ShotTracker Secures $11M Financing led by Evertz Technologies and Verizon VenturesFunding will support accelerated product deployment across NCAA basketball conferences, expand remote live sports production in the cloud with 5G enabled tech for venues, clubs, leagues, and sports rights holdersBurlington, Ontario--(Newsfile Corp. - January 14, 2021) - DDSports Inc. (ShotTracker), a revolutionary sports technology that captures rich performance data via sensors and provides statistics and analytics with sub-second latency, today announced an $11M USD funding round led by Evertz Technologies Limited (TSX: ET) (\"Evertz\") and Verizon Ventures. ShotTracker will use the funds to accelerate its deployment across NCAA Division I Power 6 Basketball Conferences, expand hiring, further key partnerships and enhance sensor capabilities and data capture for players, coaches, fans and broadcasters. ShotTracker brings elite-level real time analytics to the court. The company's patented technology tracks data in three parts: a ShotTracker-enabled ball, sensors on players' jerseys, and court sensors that map the court in 3D. Data is processed through the company's proprietary algorithm displayed on the ShotTracker app and dashboard and will also be integrated with Evertz cloud based live production solutions. The real time data can be used to automate camera productions from remote locations and can be licensed by media and sports data companies. With more than 63 Division I men's and women's basketball programs and a growing relationship with Learfield IMG College and their partner schools, ShotTracker's cutting-edge technology is well-positioned to deliver deep data and analytics as well as video, scoreboard and broadcast integration. For its media company and broadcast customers, it currently delivers experiential activations and crossover content opportunities distributed via digital and social platforms. The Evertz partnership brings to ShotTracker a global leader in providing professional video/audio infrastructure and cloud-based solutions to content creators. The partnership with ShotTracker's advanced real time analytics, will enable content owners to create tailored content for their audience across multiple platforms. With automated camera operations, advanced statistics, and cloud services, producers can augment live production by te...