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
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, 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. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
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...
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Much of IT terminology is often misused and misapplied. Modernization and transformation are two such terms. They are often used interchangeably even though they mean different things and have very different connotations. Indeed, it is somewhat safe to assume that in IT any transformative effort is likely to also have a modernizing effect, and thus, we can see these as levels of improvement efforts. However, many businesses are being led to believe if they don’t transform now they risk becoming ...
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 Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.