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Indian sports tech startup StepOut has raised $500,000 in a seed funding round led by Rainmatter, founded by Zerodha CEO Nithin Kamath.
Investors IndigoEdge, Marwah Sports Group, and Misfits Capital also participated in this round.
The funds will be used to expand StepOut’s business in the US, Australia, the Middle East, and Spain. It will also improve its AI features and develop its platform, including a web app for coaches and analysts and a mobile app for players.
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"Sports performance analysis technology is typically available only to top-tier teams, leaving grassroots and youth levels underserved. StepOut bridges this gap by making advanced technology accessible and affordable across the entire pyramid," said, Jeet Karmakar, co-founder of StepOut.
Gabriël van Gastel, IT project manager at AFC Ajax, said, "For the past three years, we have enjoyed a great partnership with StepOut. Their expertise in AI and machine learning for football data and video analysis has provided valuable insights into player and team performance. The technical quality of their platform has been impressive, and we appreciate their professionalism and innovative approach."
Rainmatter expressed confidence in StepOut's vision, saying, "We're excited to invest in StepOut, a sports analytics company transforming football with accessible and data-driven insights. Their innovation will open up new opportunities for footballers across India and beyond."
About StepOut
Founded by Jeet Karmakar and Sayak Ghosh, StepOut’s AI-powered platform automates data collection for coaches and analysts. Users just upload a video, reducing manual work by 80%.
The platform identifies players and tracks every field event with 99% accuracy.
StepOut collaborates with clubs like AFC Ajax (Eredivisie) and Rayo Vallecano (La Liga).
It is also the first Asian tech company to win the Reimagine Football competition, organized by UEFA, AFC Ajax, The FA, KNVB, and City Football Group.
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