Sun. Sep 25th, 2022

Trace Closes $47M Series C Funding

Trace, an Austin, TX-based provider of a game film platform that automatically edits and delivers personalized moments for each player, raised $47M in Series C funding.

The round was led by Pelion Venture Partners, with participation from Lakestar, Toba Capital, and NextGen VP.

The company intends to use the funds to continue product innovation, expand availability to even more sports in 2022, and hire new people adding over one hundred positions by year-end.

Led by CEO  David Lokshin, Trace provides a solution that automatically records and delivers personalized moments for each player hours after a game–no more sifting through video footage, marking timestamps, and manually stitching together clips.

Using its wide-angle camera and proprietary GPS sensors, Trace captures the entirety of a game without missing a moment. Once quickly set up, the camera can be left to capture the game all on its own, eliminating the need for anyone to watch the game behind a recording device. Using advanced AI, Trace analyzes all of the footage and performance metrics to edit and assemble a personalized game experience.

The solution currently supports Soccer, Baseball, and Softball in the US.

FinSMEs

13/04/2022

SOURCE https://www.finsmes.com/2022/04/trace-closes-47m-series-c-funding.html

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