Welcome!

News Feed Item

PlaySight Closes $3.5m Investment to Fund Global Roll-out of Game-Changing Sports Technology

PlaySight Interactive, an innovative sports technology company and creators of an affordable, tennis analytic system (the ‘SmartCourt’), today announced the completion of a $3.5 million investment round from high-profile private investors including Novak Djokovic, Billie-Jean King, Bill Ackman, Mark Ein, Dr. Jim Loehr and others. The new capital will fund a global roll-out of PlaySight’s SmartCourt technology for recreational and elite tennis, as well as research and development on applications in other popular sports beyond tennis. A video explaining the technology can be seen here http://www.youtube.com/watch?v=hrp9X3K82Ek&feature=youtu.be

“We are very proud to have such a powerful group of investors who share our vision of bringing elite player technology to the grassroots and club level,” said Chen Shachar, PlaySight CEO. “When we developed this technology we saw an opportunity to create an affordable, easy-to-install, cloud-based system for athletes of all levels to improve their game. In the same way that wearable tech devices and micro-cameras are transforming running and extreme sports, we are certain that SmartCourts will make tennis more engaging and fun. PlaySight combines advanced player analytics technology (PAT) with video-replay and social media to deliver an exceptional experience to the world’s 100 million tennis players. It will change the way we play ball-sports forever.”

“PlaySight has the potential to revolutionize the game of tennis as well as other sports through bringing the same sophisticated analytics available at the highest levels sports at a price point that makes it accessible to clubs and players of all levels around the globe,” said Mark Ein, CEO of growth investment holding company Venturehouse Group. “Through this ‘video-gamification’ of sports, PlaySight will make the game more fun and appealing to new and casual players while providing an incredibly valuable training tool for the more frequent player.”

The investor group announced today includes:
 

Bill Ackman

    Founder of Pershing Capital Management LLC;
 

Novak Djokovic

Six-time Grand Slam champion including US Open, Wimbledon, and Australian Open four times. Held world #1 ranking for 101 weeks and is currently #2;
 

Billie Jean King

Presidential Medal of Freedom Winner, International Tennis Hall of Fame Inductee and winner of 39 Grand Slam titles;
 

Mark Ein

Founder/early investor in five companies that have reached billion dollar valuations; founder/owner of the four-time WTT defending champion Washington Kastles and Board member the International Tennis Hall of Fame;
 

Dr. James Loehr

Co-founder of the Human Performance Institute and performance coach to Jim Courier and Monica Seles;
 

Ray Benton

Former PROSERV president and current CEO of the Tennis Center at College Park (Md.);

 

Gordon A. Uehling III

Former ATP ranked tennis player, coach and founder of CourtSense - the first “SmartClub” in the world which all his courts are equipped with “SmartCourts”;

 

James Kern

Veteran Wall Street Executive with over 2 decades of Capital Markets expertise. James will be joining PlaySight’s Board of Directors.
 

About PlaySight’s SmartCourt technology

Based on concepts originally designed to train fighter pilots, PlaySight‘s SmartCourt is an affordable, proprietary technology that is easily installed at tennis facilities and private courts. The SmartCourt provides players with professional real time (and post session) match statistics, analytics, line-calling and video. SmartCourt’s combined capabilities dramatically enhance the tennis-playing experience and greatly improve training and coaching efficiency.

Using five HD cameras, PlaySight’s SmartCourt automatically classifies and tags all the events that take place during a session without the need for court-side operators or wearable sensors. Players can watch selected events (e.g. every backhand down the line that went long), with no need to watch the whole video or manually tag it. PlaySight is also able to record 3D tactical game management information including the height of balls over the net, speed of every shot and the depth of balls hit within the court. The SmartCourt is easily operated by the players through a courtside kiosk and all video and data can be shared within seconds with coaches, friends and family at remote locations. Players can also track distance covered and calories burned during a match or practice session.

The Company plans to apply their affordable technology to basketball, soccer, hockey, baseball and other fields of sports with the same SmartCourt concept. Already approved by the International Tennis Federation (ITF) for use in amateur tournaments, PlaySight’s SmartCourt technology is already installed at a number of prestige venues including Roland Garros in Paris (home of the French Tennis Federation), CourtSense Tennis Training Center in New Jersey, Queens Club in London, Stefan Edberg’s academy in Sweden, Holland’s Laurense Tennis Academy (the training center for legendary coach Sven Groeneveld) and Ramat Hasharon tennis center in Israel. PlaySight has already installed a total of 35 SmartCourts globally, including 19 in the United States. The Company has recently installed its first collegiate court at The University of Georgia, and is scheduled to install a more than 100 facilities in Florida, California, New York and at other locations around the world later this year.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.