Cipio Partners has invested $20 million in Spiideo to enhance its leadership in AI-automated sports video production as the industry shifts from manual to automated processes.

Information on the Target

Spiideo, a leading AI-powered sports technology company based in Sweden, has successfully closed a $20 million funding round led by Cipio Partners. This investment aims to further consolidate and expand Spiideo's position as a leader in the transition from manual to automatic sports video production. Currently, Spiideo operates in over 60 countries, with its products implemented in more than 6,000 venues and utilized by over 4,000 teams, including prominent leagues such as the Premier League, NHL, and NBA.

Spiideo specializes in providing automated sports video solutions through its innovative products, including 'Spiideo Play' for broadcasting and 'Spiideo Perform' for video analysis. These solutions are designed to enhance the viewing experience and maximize the potential of players and teams by leveraging advanced AI technology. Co-founded in 2012 by Patrik Olsson and Örjan Johansson, Spiideo has quickly established itself as a transformative force in the sports video production industry.

Industry Overview in Sweden

The sports technology industry in Sweden is witnessing significant growth, driven by advancements in AI and increased investment in sports media. The global market for sports media rights is surging, reaching nearly $56 billion, consequently c