PlaySight Announces Investment from Verizon Ventures and Greg Norman

TENAFLY, N.J., June 2, 2017 /PRNewswire/ -- PlaySight (www.playsight.com) – the innovative sports technology company behind the SmartCourt – announced today a strategic investment from Verizon Ventures and legendary golfer Greg Norman to assist in its global SmartCourt expansion and roll-out of its cutting-edge technology into new sports verticals.

Selected in 2017 by Fast Company as one of the "10 Most Innovative Companies in Sport," PlaySight leverages both multi-angle video and proprietary analytics to improve on-field performance and connect the next generation of athletes. The company has already achieved a dominant position in the tennis marketplace with its technology powering the leading federations, academies, clubs and over 40 NCAA tennis programs, as well as the USTA's new National Campus and high performance facility in Lake Nona, Florida. PlaySight is also working with top teams across several other sports including the 2015 NBA Champion Golden State Warriors.

"We place high value on the right strategic partners and are very excited to announce the investment from Verizon Ventures and Greg Norman as they assist in our growth and disruption in the sports world," said Chen Shachar, PlaySight CEO. "We are connecting courts, fields, arenas and athletes all over the world through our technology and, just like our new partners, we are changing how sports are played and consumed."

Greg Norman, through his family office and alongside his business partner David Chessler, have led the $11 million-dollar investment round with Verizon Ventures.   

"PlaySight is on the forefront of technology innovations in sport and I am thrilled to be a part of something so cutting-edge in the industry," said Greg Norman. "Both PlaySight and Verizon Ventures share my vision to connect people across business, sport and culture, so this partnership is something I look forward dedicating my time to."

"Sophisticated video, analytics and media solutions once reserved for professional athletes and teams are now becoming accessible to the masses," said David Famolari, Director at Verizon Ventures. "By leveraging a network of intelligent cameras, PlaySight's cloud-based video and analytics platform transforms every sports field, court and gym into a smart, connected space and helps athletes of all levels train smarter. We look forward to supporting PlaySight's growth as the team continues to give facilities, coaches, recreational and youth athletes access to advanced sports technology."

SOURCE PlaySight