Veo, a startup company based out of Copenhagen, was able to raise $25 million to scale its business that uses AI cameras to record sports games.
The funding was led by Augustinus Fabrikker, a Danish investor. Veo’s CEO and co-founder, Henrik Teisbæk stated that the funding will be used in two different ways, the first is expanding into the United States with a Miami office. The second is that funding will be used is to continue to improve the technology.
Veo cameras are able to film sporting events on their own, which could drastically reduce the cost of filming games.
Teisbæk said that before Veo, “You need a guy sitting on a scaffold, and time and money to then cut that down to highlights. It’s just too cumbersome.”
Image Credit: Veo Technologies