Teamworks Secures $235M to Power AI Innovation in Sports!
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Teamworks, the Operating System for Sports™ trusted by over 6,500 elite sports teams worldwide, has announced a massive $235 million Series F funding round. This round, led by Dragoneer Investment Group, values the company at over $1 billion.
The investment will be used to accelerate Teamworks' development of AI-powered solutions for professional, collegiate, and Olympic sports programmes. This aims to solidify Teamworks' position as the leading sports technology company globally.
According to Zach Maurides, CEO and Founder of Teamworks, "This significant investment validates our vision of creating the most comprehensive technology ecosystem in sports. This funding positions us to accelerate our data science capabilities and to shape the future of AI in sports."
Teamworks' platform focuses on four key pillars to enhance performance:
- Talent Acquisition & Development: Tools for front office staff to identify, acquire, and develop talent to build winning teams.
- Athlete Development: Integrated performance teams can deliver personalized and coordinated care to improve athlete availability and readiness.
- Game Preparation: Coaching staff can streamline game preparation using video, data-driven insights, and reporting in a mobile-friendly platform.
- Operational Excellence: Organisational leaders can streamline communication, logistics, and administration.
This investment signifies a major step forward for AI's role in shaping the future of sports, providing teams with the tools they need to gain a competitive edge.
The future of South African sports
How might this technology affect South African sport? With access to these resources, the already talented South African sports teams will have a new edge to compete on an international level.