Kinduct, a Halifax, NS Canada-based provider of data and analytics software to improve human performance, raised US$9m in Series A funding.
The round was led by Intel Capital with participation from previous investors John Risley through his Canadian investment company CFFI Ventures Inc., and Elysian Park Ventures.
The company intends to use the funds to enhance its platform capabilities.
Led by Travis McDonough, CEO and founder, Kinduct provides cloud based software to professional and elite sport organizations, military and public safety units, physical medicine clinics, fitness professionals and healthcare providers 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. Clients include the LA Dodgers, San Jose Sharks, and Indiana Pacers.
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 combination of these technologies will be an integrated athlete management system that will provide athletes, trainers and coaching staff with insightful information that can be used towards the ultimate goal to reduce player injury and improve performance.
FinSMEs
24/10/2016