Teamworks Secures $235 Million Funding to Boost AI Innovations in Sports Technology

In a significant advancement for sports technology, Teamworks, known as the Operating System for Sports™, has announced that it has successfully raised $235 million in its latest Series F funding round. The financing, led by the esteemed Dragoneer Investment Group, elevates Teamworks' pre-money valuation to over $1 billion. This substantial investment aims to accelerate the company's mission of providing advanced AI-powered solutions for professional, collegiate, and Olympic sports programs worldwide.

Founded in 2004, Teamworks operates with the vision of creating a comprehensive technology ecosystem within the sports industry. As CEO and Founder Zach Maurides stated, "This significant investment validates our vision of creating the most comprehensive technology ecosystem in sports. From our origins in communication and scheduling to building the defining operating system for sports, this funding positions us to accelerate our data science capabilities and to shape the future of AI in sports."

Driving Innovation Across the Sports Ecosystem

Teamworks' platform encompasses four main pillars that drive success across organizations:

1. Personnel: Tailored solutions for front office staff to enhance talent identification, acquisition, and development to build championship-caliber teams.

2. Performance: Integrated solutions for performance teams, enabling evidence-based and personalized athlete care that ensures readiness to compete.

3. Coaching: Advanced tools for coaching staff to streamline game preparation by consolidating video, data-driven insights, and reporting into one user-friendly platform.

4. Operations: Streamlined communication and logistics for organizational leaders, connecting and empowering staff and players seamlessly.

Teamworks has established itself as the leading technology provider for over 6,500 sports teams and organizations, making its software the preferred choice across various leagues and athletic departments. Notably, it supports 100% of NFL, 90% of MLB, 87% of NBA, and 83% of MLS teams, along with a significant presence in collegiate and Olympic federations.

A Future Focused on Data and AI

The funds raised in this new round of financing will enable Teamworks to further its innovation in AI capabilities across its products. By expanding its data science team and enhancing its machine learning features, Teamworks aims to distribute smarter, faster decision-making tools to athletes, coaches, and sports administrators.

Kyle Charters, CFO of Teamworks, emphasized the company's commitment to evolving alongside its customers and the ever-changing demands of the sports landscape. "Our customers choose to partner with us not only because we are a stable, reliable company that for 18+ years has continued to deliver premium solutions, but because we continue to evolve right alongside them."

Christian Jensen, a Partner at Dragoneer Investment Group, expressed confidence in Teamworks, stating, "Teamworks is the unmatched leader in sports technology, delivering critical solutions that are indispensable to organizations across the sports ecosystem. Our partnership has allowed us to observe their impressive execution, product expansion, and growth trajectory firsthand."

Enhancing the Sports Experience

The funding will also facilitate the deepening of integration between Teamworks' platform and other critical partner technologies. Enhancements to their mobile application will provide real-time alerts and recommendations that are contextually aware, powered by state-of-the-art machine learning and data science capabilities.

As Teamworks embarks on this next chapter of growth and innovation, the company is poised to elevate the operational and performance standards across sports organizations globally. Visit teamworks.com for more updates and information about their suite of products and services.

With this new infusion of capital, Teamworks is set to not only retain its leadership in sports technology but also redefine how sports organizations function effectively in the age of AI-driven insights and solutions.