Peripheral Raises $8.7M Seed

Peripheral, a Toronto-based AI research lab focused on spatial intelligence for live sports media, has raised $8.7M in a seed funding round, bringing their total funding to $12.5M.

Investors

This round was co-led by Inovia Capital and Deloitte Ventures, with participation from existing investors Khosla Ventures and Entrepreneurs First.

Peripheral Use of Funds

Peripheral intends to use the new capital to grow its engineering team and accelerate the deployment of its spatial intelligence platform across sports leagues and stadiums.

About Peripheral

Founded in 2024 by Kelvin Cui and Mustafa Khan, Peripheral develops AI-based reconstruction technology that transforms standard multi-camera sports feeds into fully navigable, game-like environments. The platform enables immersive replays, high-fidelity player tracking, and interactive viewing experiences for sports fans.

Funding Details

Company Website: https://peripheral.so

Company: Peripheral
Raised: $8.7M
Round: Seed
Funding Date: August 2026
Lead Investor: Inovia Capital, Deloitte Ventures
Additional Investors: Khosla Ventures, Entrepreneurs First
Company Website: www.peripheral.so
Software Category: Sports Technology
Source: https://www.businesswire.com/news/home/20260817508636/en/Peripheral-Raises-%248.7M-co-led-by-Inovia-Capital-and-Deloitte-Ventures-to-Expand-Spatial-Intelligence-Platform-for-Live-Sports