Kitman Labs, a Menlo Park, California-based sports analytics and technology company that works with more than 700 college and professional teams across the world, raised $52 million in a Series C funding round.
Guggenheim Investments led the round, bringing Kitman’s total outside funding to $82 million since its founding in 2012.
Kitman plans to use most of the proceeds to invest in its technology and hire an additional 100 employees within the next 10 months.
Company: Kitman Labs Limited
Raised: $52.0M
Round: Series C
Funding Month: November 2021
Lead Investors: Guggenheim Investments
Additional Investors:
Company Website: http://kitmanlabs.com/
Software Category: Sports analytics platform
About the Company: Kitman Labs is the operating system for elite sports teams. Founded in 2012 with the vision to fundamentally change how the sports industry uses data to achieve on and off-field success, Kitman Labs has consistently set the standard for innovation, data integration, design, and analytics. Kitman has developed an artificial intelligence platform that analyzes data that teams collect on players when they practice, train, play in games, sleep, and in other situations. Teams can then use that data to predict injury risk in players, form practice and games plans, and evaluate talent and what makes players perform at their peak level. The company, which is based in Menlo Park, Calif., currently has 125 employees.
Source: https://www.forbes.com/sites/timcasey/2021/11/04/kitman-labs-a-sports-analytics-and-technology-company-raises-52-million-series-c-funding-round/?sh=a9e854576c23