Fastbreak AI Secures $40 Millionโฃ to Revolutionize Sports Scheduling โAcross โฃAll Levels
Fastbreak AI, โฃa leading provider of clever โsports โขscheduling software, has announced a $40 million funding โround โฃto fuel further technological progress and aโ meaningful expansionโฃ into the youth and grassroots sports market.
The investment โwas led by Greycroft and GTMfund,โ with participation from a diverse group of existing and new โฃinvestors. Notably, several prominent sportsโค figures and organizations have โbackedโค the โcompany, โฃincluding the National Basketball Association (NBA), theโ National Hockey League (NHL), and TMRW โSports. PGAโฃ Tour golfers โขPatrick Cantlay and Kurt Kitayama, alongside former NFL โขplayers Larry Fitzgerald Jr. and Luke Kuechly, alsoโ contributed โขto theโ funding round.
Fastbreak AI’s technology is already utilized by 55 major sports leagues globally, encompassing organizations likeโค Serie A, Major League โขSoccer (MLS), and the Australianโข Footballโ League โข(AFL). The company’s โalgorithms are designed toโฃ optimize competition schedules,โ focusingโ on minimizing travel burdens for athletes, maximizing revenue through increased television viewership and ticket โsales, and ensuring compliance with local regulations.
The newly acquired capital will โbe strategically allocated to enhance the โคexisting software and broaden its submission to the โคample youth sports sector, estimated to be a $55 billion market possibility. โฃ
“We’ve demonstrated the โpower of innovation in professional sports, and we’re nowโ poisedโค to deliver thoseโข sameโ benefits to amateur leagues,” stated John Stewart, CEO of Fastbreak AI. “This funding will โaccelerate our progress across all levels of โคcompetition, driving innovation in professional โsportsโค while โขtogether providing the โinfrastructure needed to streamline operations in youth sports. Our core mission is toโ free up โorganizations from logistical complexities,allowing them to โprioritize creating extraordinary experiences for athletes,fans,and their families.”
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