Tech News

Veo raises $6M Collection A to convey its ‘AI digicam’ for soccer matches to the US – TechCrunch



Veo, a Copenhagen, Norway-based startup that provides an “AI digicam” to make it simpler for beginner soccer golf equipment to video and stream matches, has raised $6 million in Collection A funding.
Backing the spherical is U.S.-based Courtside Supervisor and France’s Ventech Capital. Veo says the brand new capital will probably be used to launch within the U.S.
Based in 2015 by Henrik Teisbæk, Jesper Taxbøl and Keld Reinicke, Veo has got down to “democratise” the filming of soccers matches and coaching by negating the necessity for a number of digicam operators and/or a imaginative and prescient mixer.
It does this by using a 4K lens digicam that data your entire pitch (it’s designed to be mounted on a 23 foot tripod for optimum view), coupled with its AI video expertise that processes the ensuing video. This sees Veo comply with the motion by way of digital panning and zooming, to create a TV-like viewing expertise.

As we’ve famous earlier than, that does imply a portion of the picture will typically be cropped out, leading to a lack of decision total. Nevertheless, the thought is that by beginning with 4K the video high quality is greater than enough for playback on smaller screens, comparable to smartphones and tablets.
“Our quick objective is to ascertain a foothold for Veo on the U.S. market, and lots of the funding will go in the direction of reaching that,” Veo CEO Henrik Teisbæk tells TechCrunch almost about the brand new funding spherical. “In the long run, we need to use our U.S. market presence as a stepping stone in the direction of turning into a central participant on the worldwide soccer market, and to hopefully break into different sports activities”.
Teisbæk says the U.S. was chosen as a result of one of many “largest and most fun” soccer markets, and North American soccer gamers, coaches, golf equipment and associations are very knowledge pushed and open to new expertise. “That represents an enormous potential for us,” he provides.
In the meantime, Veo says that within the final 12 months it has seen 25,000 video games recorded by 1,000 golf equipment in 50 international locations. The corporate now employs 35 folks in its Copenhagen HQ, the place it develops the Veo software program and hardware.