Kinduct Closes US$9 Million Series A Investment Round Led by Intel Capital
Investment to fund product enhancements in professional and amateur sports segments, and seed expansion in the health, wellness and public safety markets
Today, at the Intel Capital Global Summit in San Diego, Kinduct announced that it has closed a US$9 million Series A investment round led by Intel Capital. The announcement comes as demand for data management and analytics solutions continues to grow among the sports, health and wellness sectors. Previous investors, including John Risley through his Canadian investment company CFFI Ventures Inc., and Elysian Park Ventures, participated fully in the investment round.
Kinduct provides cloud-based software to over one hundred professional and elite sport organizations, military and public safety units, physical medicine clinics, fitness professionals and healthcare providers. The Kinduct platform enables organizations to analyze athlete, patient or client data collected from different sources and then use those insights to inform decisions and drive continuous improvement in human performance. The solution is used by teams in major North American sports leagues, including the NHL, NFL, MLB, NBA, and MLS. Kinduct’s clients include the LA Dodgers, San Jose Sharks, and Indiana Pacers.
“Whether it is a professional baseball team, a physical therapy clinic, or a local police force, data analytics is revolutionizing how human performance organizations operate today,” says Travis McDonough, CEO and founder of Kinduct. “This investment will be used to enhance our platform capabilities, allowing our growing client base to analyze user data in new ways to achieve even higher levels of informed decision making.”
“Data is re-inventing the way people approach sports, health, and wellness,” said Wendell Brooks, senior vice president at Intel Corporation and president of Intel Capital. “The versatility of the Kinduct platform, coupled with Intel compute technology, creates further growth opportunities in these areas by producing deeper data-driven insights into human performance that benefit athletes, coaches, health care providers and patients.”
In addition to the investment, Kinduct and Intel will collaborate on the development of a new athlete management system that will combine Kinduct’s platform with Intel’s Saffron Technology and Intel’s open source Trusted Analytics Platform (TAP) technology. Intel’s Saffron Natural Intelligence Platform™ can make recommendations such as predicting the potential risk for player injury with higher accuracy by combining continuous learning and persistent memory with the power of computing. Intel TAP technology provides the big data analytics platform to develop machine learning, deep learning models and applications and is optimized for performance and security. The outcome of the powerful combination of these technologies will be a fully integrated athlete management system that will provide athletes, trainers and coaching staff with insightful information that can be used towards the ultimate goal of helping to reduce player injury and improve overall performance.
Kinduct is a world leading data and analytics software provider that is changing the way information shapes human performance. Kinduct’s highly secure, cloud-based platform allows sports, health and wellness organizations to spend less time managing their data and more time using it to inform decisions, promote constant improvement and produce exceptional results. Kinduct is the software provider of choice for many world-leading professional and elite sport organizations, military and public safety units, physical medicine clinics, and health and wellness institutions. Kinduct’s investors include Intel Capital, CFFI Ventures Inc., and Elysian Park Ventures.
For more information please visit www.kinduct.com or follow @Kinduct.
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About Intel Capital
Intel Capital, Intel’s strategic investment and M&A organization, backs innovative startups targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested US$11.7 billion in 1,457 companies in 57 countries, and 605 portfolio companies have gone public or been acquired. Through its business development programs, Intel Capital curates thousands of introductions each year between its portfolio executives and Intel’s customers and partners in the Global 2000.
For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.