Epoxy.ai receives multi-million-dollar investment - Global Gambling News

Epoxy.ai receives multi-million-dollar investment – Global Gambling News

Advanced artificial intelligence and machine learning personalisation software provider to the sports betting industry, Epoxy.ai, has secured a multi-million-dollar investment round led by existing investor SeventySix Capital and Andover Ventures, and will use this fresh capital to expand its technology offering.

Epoxy.ai provides tools that help sports leagues, betting companies and media entities develop new forms of customer acquisition, engagement and retention.

With a combination of off-the-shelf plug and play components, as well as a suite of licensable and easily integrated API’s, Epoxy.ai has established itself as one of the market’s most advanced AI-based engagement platforms, servicing the likes of AWS, Kambi, Playtech and NASCAR.

Epoxy.ai also recently announced the launch of SmartPicks, the industry’s first one-to-one plug and play personalised betting offering with major US operator group betPARX. SmartPicks uses AI to quickly enable one-to-one personalised bets, giving unique bet suggestions based on a wide variety of variables.

Chris Reynolds, co-founder & CEO of Epoxy.ai, says: “As part of our latest funding round, we are delighted to secure investments from both SeventySix Capital and Andover Ventures.

“While we are only at the start of our journey, it is an incredible vote of confidence in our technology, and we are confident that our understanding of AI and ML technologies will allow us to bring unmatched engagement to partners.”

Wayne Kimmel, Managing Partner of SeventySix Capital, adds: “We have continued to invest and now lead this round because Epoxy.ai has proven to be one of the most innovative technology companies in the sports betting industry.

“Chris and Jason are forward-thinking entrepreneurs who are building the future of sports betting and beyond.”

And Andover Ventures adds: “Epoxy.ai has an excellent management team and a proven product already that stands apart.

“We are delighted to back them with our investment and look to work together to progress to the next level. It is an exciting time to be involved in the AI world, and we are sure that Epoxy.ai will push its betting and gaming products to new heights.”

Epoxy.ai will be expanding its offerings in sports betting and venture into iGaming and media and expects to announce further significant investors in its latest funding round in the coming weeks.

Author: Charles Howard