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NBA, Infront part of Videocites’ $10m funding round

Videocites co-founder and chief executive Eyal Arad (Credit: Videocites)

AI-based video tracking and analytics company Videocites has received $10m (€9.4m) of investment, including from the National Basketball Association, the Infront agency, and US-based alternative investment firm Velocity Capital Management in a Series B investing round, with the latter leading the funding round.

Videocites said it will use the funding to grow its global presence and recruit sales and business development in order to expand further into the United States and Europe. The company has worked on on AI-generated identification and video-fingerprinting technology to analyse user-generated content (UGC).

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