New Funding Will Enable ScoreStream to Enhance Crowd Sourcing Platform for Local Sports
ScoreStream has received funding from Intel Capital, Intel’s strategic investment, and M&A organization. ScoreStream is a crowd-sourcing platform for capturing and syndicating local sports content to consumers and media companies. ScoreStream has partnerships with most of the major broadcast television groups, iHeart Media, and the Associated Press.
The new funding will enable ScoreStream to create new product enhancements and extend its platform capabilities. Other investors participating in this round of funding include Avalon Ventures, Sinclair Broadcasting, R/GA and Verizon Ventures.
Intel Corporation and ScoreStream have also entered into a business collaboration agreement, under which they will collaborate regarding certain technical, marketing and sales activities.
“Our ability to cover local sports on a national basis has relied on using computers and the crowd to bring coverage across the country on a real time basis. The intersection of media and technology is rapidly evolving and we are excited to have Intel as an investor as we look to use our platform on a global basis and to extend our coverage both deeper and more broadly,” said Derrick Oien, CEO of ScoreStream.
“ScoreStream leverages machine learning and the crowd to source local sports coverage not previously available in real-time,” said James Carwana, VP & GM of Intel Sports. “Intel Sports plans to collaborate with ScoreStream to enhance the fan engagement and personalization experience around this hyper-local data on a global basis.”
ScoreStream is the first and leading crowd-sourcing platform for live local sports. The ScoreStream mobile app engages fans through crowd-sourced scores, photos, video and chat from over 10,000 games per week from around the world. ScoreStream is an early-stage, venture-backed start-up based in Del Mar, CA.
Intel Capital invests in innovative startups targeting 5G connectivity, the data center, artificial intelligence, merged reality, autonomous driving and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US $12.2 billion in 1,500 companies worldwide, and more than 640 portfolio companies have gone public or been acquired. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000.