While generative AI startups are attracting more investment overall, 2023 could be a notably slow year for venture capital investment in sports AI following several years of activity, according to new data from PitchBook.
The year could mark the lowest level of investment in the sector since 2018 when PitchBook tracked just under $200 million in VC activity.
Both those years had 114 VC investments, compared to just 54 in 2023 through mid-October, PitchBook data shows.
These are the top 16 highest-valued sports AI companies globally in 2023, according to PitchBook:1) SigmaStar — $4.55 billion.
The Beijing-based computer vision technology company offers solutions in sports and health, evaluating movement in real-time, according to its website.
Persons:
PitchBook, Hudl, STATSports, Creatz, Ligatech, Simplebet, Zepp
Organizations:
Yi Technology, WSC Sports, Cleveland Cavaliers, Kakao, Arsenal FC, US, National Soccer Team, Duke University, Kansas City Chiefs, Ligatech, Tempus, Francisco's Tempus, Chelsea FC, NFL, Sports, NBA, MLS, Premier League, AI Research
Locations:
deepfakes, Beijing, Israel, New York, Korean, Europe, Mexico, Lincoln , Nebraska, Northern Ireland, Shanghai, PitchBook, Los Angeles, China, Vancouver