The funding will help Pixellot fuel global expansion and support technological innovation. Here are the top-line bullets you need to know.
Pixellot, a provider of AI-backed sports production and analytics solutions, has raised $161M in a Series D. The round drew participation from PSG and Israel Secondary Fund, among others.
HOW’S THE COMPANY PERFORMING?
- Israel-based Pixellot enables organizations to automate the production and coverage of live sporting events.
- It has provided support for 2M+ live games across 70 countries and 17 team sports.
- Pixellot is supported by a team of 230 employees.
Source: Pixellot
WHY DOES THE MARKET MATTER?
- The global AI in media & entertainment market is expected to reach a value of $132.2B by 2032, growing at a CAGR of 26%, according to Future Market Insights.
- The increasing popularity of digital content and rising internet adoption are contributing to growth in this market.
