Sports Data Labs, Inc. (SD Labs) announced that it has received new investment from EmergeVest, a Hong Kong-based investment group.
As part of the investment, the companies will explore remote health and wellness-focused collaborations in the logistics and insurance sectors.
SD Labs provides technology that enables interoperability of sensors and sensing systems while using AI to transform collected data into metrics, insights and predictions for various real-time and on-demand use cases. The company has been commercializing athlete data in professional sports through its real-time monitoring and monetization platform. SD Labs has also leveraged its intellectual property portfolio and proprietary technologies to support non-sports opportunities through its digital health division, Human Data Labs.
With more than $500 million in assets under management, EmergeVest’s current portfolio includes businesses that generate more than $1 billion of revenue annually, employing 10,000 colleagues worldwide. Holdings include EV Cargo, a global logistics-technology company and one of the largest private logistics companies in the UK.
Heath Zarin, founder, chair and CEO of EmergeVest, said: “EmergeVest is delighted to make a strategic investment in Sports Data Labs. We invest in technologies and companies that we believe can have a significant impact on our business and employee wellbeing, as well as on the logistics industry as a whole. SD Labs has been at the forefront of unlocking new value for sensor-based data, and we’re looking forward to working with Mark and the SD Labs team to leverage our expertise and their technologies to develop new use cases.”
Mark Gorski, co-founder and CEO of Sports Data Labs, Inc. said: “We are thrilled to receive investment from EmergeVest. We have a shared vision for how our technologies can play an important role in helping organizations optimize the health and safety of their personnel while reducing business risk. EmergeVest’s proven leadership and experience in scaling up global, technology-led companies will provide us with significant value as we co-develop new health and wellness-based initiatives in the global logistics and freight industries.”
EmergeVest joins investors in SD Labs including Aser Ventures (Leeds United Football Club, Eleven Sports Network, Whistle), PSA World Tour, Peter Hutton (Facebook), Carlo Pozzali (sports media entrepreneur), and Chip Kelly (UCLA).
Photo courtesy Sports Data Labs
