Software Startup Sportlogiq Brings In $5 Million

Sportlogiq announced it has secured $5 million in Series A financing. Five investors participated in the round, including Rho Canada Ventures, Anges Quebec, and TandemLaunch.

Sportlogiq aims to bring a new level of analysis to the sports statistics market. Drawing on feeds from current broadcast cameras, the company uses advanced computer vision solutions for player tracking, activity recognition, and body pose estimation to analyze players’ movement and provide context to game analysis. With more than 2,500 events tracked and timestamped per game, the company believes teams and analysts finally have the tools they need to monitor and analyze player and team performance.

In its announcement, Sportlogiq said funds raised in this round will be used to continue to commercialize the technology, as well as to ramp up its real-time player tracking system.