Irish sports tech company Kitman Labs has raised $6 million in funding to accelerate the development of its performance intelligence platform and deliver new solutions to address Covid-19 safety concerns.
The fresh investment from American investors Qvidtvm brings the total raised by the Irish company to $10.5 million in the last six months.
Founded in 2012, Kitman Labs develops performance intelligence solutions for elite sports teams, helping them use data to achieve on-field success.
The company has a presence in the US, Ireland, United Kingdom, and Australia and currently provides solutions for 500 elite teams including those in the NFL, NHL, MLB, UFC, NCAA, English Premier League.
The company plans to use the latest investment to further enhance its performance intelligence platform in areas of advanced Covid-19 symptom monitoring and testing, talent development, player value assessment and strategic planning.
"We see teams and leagues evaluating everything through a new lens and operating at a new level of urgency," said Stephen Smith, Founder and CEO of Kitman Labs.
"They have to understand what success looks like and be more aligned than ever on how to achieve it. They have to move fast and adapt to a more complex and high-risk environment with even less room for error than they’ve ever had.
"Our goal is to continue to invest in the development of advanced solutions that address these acute needs and help teams build sustainable performance and operational excellence."
Commenting on the investment, Burak Alici, CEO of QVIDTVM, said: "Kitman Labs has an extraordinary vision for the market and combined with the ability to consistently deliver on their innovation and growth goals, even in these difficult times.
"By facilitating the new strategic requirements of Covid-era sports, Kitman Labs has taken the lead in helping teams and leagues safely return to play.
"They are developing the most advanced offering to help teams optimize talent and deliver strong week-to-week performances for their fans."
Source: written based on press release
