Skip to main content

StatMuse Picks Up $10M For Its AI-Based, Graphic Search Engine For Sports Statistics


The business of sport revolves around stats — from those who use them to improve performance, through to those who look at them for fun, or for more financial ends. Now a startup that helps make it easier for regular people to dig into and visualise sports stats has picked up some funding to grow. StatMuse, a startup out of San Francisco that currently lets you search for basketball facts and statistics through ordinary “natural” language requests, has picked up a $10 million round of funding.
The Series A comes from the Walt Disney Company and TechStars (StatMuse was in a 2015 cohort in the Disney/TechStars Accelerator), along with Allen & Company, Greycroft Partners, Promus Ventures, Haas Portman, Deep Fork Capital, and Bee Partners. The round also included some notable names from the sports world: former NBA commissioner David Stern and United Talent Agency also chipped in.
The Disney involvement is strategic: after launching its public beta in the autumn of 2015, StatMuse signed a content deal with Disney-owned ESPN to provide statistical content during the 2015-16 NBA season.
StatMuse — which continues to be in beta — says it will use the funding to extend its search engine into other sports beyond basketball.
The idea behind StatMuse is not an uncommon one: there are very powerful search algorithms in the market today, but many of the most advanced to call up statistics and other analytics have been created in language more suited for data scientists, making them inaccessible to regular Joes.
At the same time, there have been a number of innovations around big data, machine learning and natural language processing that are giving more analytics power to non-technical users, be they marketers or others in the business who could benefit from directly making their own analytical queries.
StatMuse’s founders Eli Dawson (CEO) and Adam Elmore (CTO) — childhood friends who co-captained their high school basketball team — saw that there was an opportunity to apply that principle to the world of sports statistics to tap into the general appetite not only to look up facts, but to view them in a graphic, engaging way.
statmuse
“We built a product for fellow sports fans interested in statistics and visual media. StatMuse is our vision for a highly engaging media platform that fuels sports discussion anywhere in the world,” Dawson said in a statement.
Today you can go on to StatMuse’s site to look up all kinds of basketball stats, where the range of queries is very open-ended. I looked up “players named Larry,” who I could then order by their various other stats like points scored or minutes played.
You can then share the information to Facebook or Twitter, or to a StatMuse-only social network: you can also follow and be followed by people on the site itself, laying the groundwork for a potential community of other sports nerds using whatever other features StatMuse launches next.
The service reminds me a bit of others like Graphiq, which also lets you look up trends and information and then visualise it. But while Graphiq today seems mainly interested in a B2B play, courting publishers as users (disclaimer: TC/AOL are among them), StatMuse is potentially developing both the B2B (per its deal with Disney/ESPN) and and consumer angle, focusing specifically on the opportunity to provide better stats for sports.
Today, there isn’t really much of a narrative to be gleaned from the stats apart from what you see when your search results have been returned to you, but the longer term idea seems to develop products that will give those stats even more context — or at least work with partners, like ESPN, that will provide that context alongside the bare numbers.
“Sports is, by itself, the international language, but StatMuse has taken a giant leap forward, transforming sports statistics into meaningful, storytelling prose,” said David Stern in a statement.
As a pure content play, it’s unsurprising to see Disney taking an interest in the startup.
Disney is an old media company built around TV and movies, but it is fully 

Comments

Popular posts from this blog

eGym raises $45M Series C for cloud-connected gym equipment and fitness software

eGym , the Munich-based startup that offers cloud-connected gym equipment and supporting cloud software and app for the fitness training floor, has closed $45 million in Series C funding. The round was led by new investor HPE Growth Capital, while existing investors, including Highland Europe, also participated. The problem that eGym is looking to solve is that, whilst gyms have moved from a bodybuilder market to a mass market in the last 20 years, the technology in gyms lags behind. That’s despite the fact that better use of technology can help to reduce customer churn, the biggest pain-point of both gym operator and gym users. Comprising of an app for both gym user and trainer, combined with the company’s connected strength machines, the eGym Cloud makes it possible for gym members to receive better fitness instruction and an evolving and personalised fitness plan based on data collected as they workout. And by providing a better workout feedback loop, gym goers can get an i...

Xiaomi’s 15.6” Notebook To Cost Less Due To Older CPU & GPU

Xiaomi is, first and foremost, a smartphone manufacturer. This company tends to dabble in pretty much anything tech-related, and they will release their first notebook soon.  Inventec  has already confirmed that they’re working on (one of) the company’s notebook, and that the device is expected to arrive in April next year. Well, Inventec is working on one of the company’s notebooks, but three different ones have been mentioned, the 12.5, 13.3 and 15.6-inch models. Inventec is working on the 12.5-inch model, while Compal is rumored to be working on the 13.3-inch variant. The  15.6-inch notebook  is the most interesting one here, read on. The specifications of the 15.6-inch Xiaomi notebook have surfaced a while back, and according to that report, the device will sport a 15.6-inch 1080p (1920 x 1080) display, 8GB of RAM and will be powered by Intel’s Core i7 4th-generation SoC. Nvidia’s GeForce GTX 760M GPU is said to be included in this package as well, and...

What will a driverless future actually look like?

There is a growing consensus that autonomous vehicles (AVs) will soon be a reality. The debate today centers not on whether, but how soon, AVs will be commonplace on our roads. But for all the buzz surrounding AVs, many details about what a driverless future will look like remain unclear. Which business models will work best for the commercialization of AVs? Which AV usage models will be most appealing for consumers? Which companies are best positioned to win in this new market? These are big questions, and no certain answers can be given at this stage. Nonetheless, it is valuable to reflect, in a concrete way, on how this transformative technology might develop. This article will present some conjectures. The end of private car ownership? At a high level, two possible paradigms seem most likely for how society will use AVs. The first is private AV ownership. Under this model, individuals or families would continue to own their own vehicles and use them to get a...

Why Edge is the best browser for Windows 10 users?

Windows 10 comes with a whole new browser,i.e. Edge aka project SPARTAN. The good news is, EDGE is fast with a user friendly interface. The bad news is, there is not a lot to offer to Chrome users. #User_interface Project Spartan was started from scratch with a user friendly interface. The home screen of EDGE contains news-feed updates and more, just like iGoogle homepage and a welcoming search bar with the title “Where to next?” . Edge UI contains only basic controls required for general operation i.e., bold icons, wider tabs than the traditional slimmer ones in google chrome. Address bar contains buttons such as HUB giving easy access to favorite bar, reading list, history and downloads, web note button, share and more actions. Bold icons and wider tabs are easily accessible by touch users resulting in better user experience. Also, the light colored theme seems clean and simple. #Performance The best part of EDGE is, it is boosted with performance. Browser...