Playsight was an Israeli company that revolutionized the sport of tennis with the invention of the SmartCourt. This cutting-edge technology was to utilize advanced sensors and artificial intelligence to provide players, coaches, and fans with real-time insights. This innovative technology was designed to enhance performance, training, and the overall fan experience. Recognizing the potential of the future technology of sports, former top-ranked golfer, Greg Norman, and tennis champion, Novak Djokovic, were the initial investors, along with SoftBank Ventures Korea.
Greg Norman and Novak Djokovic Invest in the Future of Sports Technology
Greg Norman has always been the first person whenever it comes to revolutionizing sports. With his LIV Golf initiative taking the golf world by storm, the golf legend was accompanied by tennis champion, Novak Djokovic, four years ago. Both Djokovic and Norman teamed up with SoftBank Ventures Korea to invest in the future of sports technology. The partnership aimed to identify and invest in cutting-edge technologies. Those that aim to enhance the performance, training, and overall experience of athletes and fans alike. Another key area of focus for the partnership was the development of sustainable technologies for sports. With the increasing focus on reducing the environmental impact of sports, the partnership looked forward to investing in technologies. These promised to help reduce the carbon footprint of sports events and facilities.
According to an article by Forbes, the latest round of financing in 2018 brought the total amount raised by Playsight to $21 million. The plan was to eventually use the funds to continue its expansion into new sports. Norman and Verizon Ventures announced that they had teamed up to invest $11 million in the company. Other prominent investors in the company included tennis stars like Novak Djokovic, Billie Jean King and Pete Sampras.
The vision of Playsight was to build a technological platform that is massively consumed by everyone. Since, the future of sports lies in technology. All the matters were to be resolved using video and connectivity solutions. The company was planning to exactly offer that in the near future: an innovative business model for all customers.
How excited are you to see this transformation that the Smartcourt promises? Write down your thoughts in our comment section below. Stay tuned to know more about your favorite sports and entities.
Watch this story- Golf World Disagrees With Phil Mickelson Over Latest LIV Golf Comments
In an Attempt to Revolutionize Tennis, Golf Legend Greg Norman Convinced Novak Djokovic, Billie Jean King and Pete Sampras to Once Invest in a Visionary Model
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