Smart basketball maker SportIQ has completed a $6.2M Series A round over two closings, mostly recently adding $3.2M in new funding from a group including KB Partners, Koppenberg Management and Match Ventures.<\/p>\n
SportIQ makes a one-gram sensor that can be placed in the ball\u2019s air valve to track its movement and rotation and other performance metrics. The FIBA-approved ball caught the attention of the NBA for its possible application to automated officiating<\/a> and graduated from the league\u2019s startup program, NBA Launchpad<\/a>, last summer.<\/p>\n \u201cNBA Launchpad and the automating officiating product help momentum, certainly,\u201d SportIQ CEO Erik Anderson told SBJ. \u201cOur consumer sales were stronger than expected, so the combined momentum helped a lot.\u201d<\/p>\n SportIQ, which has dual offices in L.A. and Helsinki, is planning a new consumer product in Q2 of this year and has an early prototype for a smart ball in another sport, Anderson added. The new investment will support those efforts and market expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"Smart basketball maker SportIQ has completed a $6.2M Series A round over two closings, mostly recently adding $3.2M…\n","protected":false},"author":2,"featured_media":492643,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[557],"tags":[169428,64,63,590,85],"class_list":["post-492642","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nba","tag-athlete-performance","tag-au","tag-australia","tag-nba","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/492642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=492642"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/492642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/492643"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=492642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=492642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=492642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}