HUDstats secures financing to accelerate esports growth through data
AMSTERDAM, THE NETHERLANDS – May 5, 2022 – HUDstats, the leading esports data and analytics company, announced today it has closed the last financing round through private investment led by Pinorena Capital, a venture capital firm. Through this collaboration, HUDstats aims to make esports data accessible to tournament organisers via its proprietary technology AVA (Advanced Video Analysis), a state-of-the-art Artificial Intelligence and Machine Learning solution, fueling the growth of the esports market and fan engagement.
As the world of video games and the esports industry has progressed tremendously in the last couple of years, the need for reliable and affordable data arose as one of the imperatives. HUDstats, with its seamless unique technology, intends to provide the market with accurate and accessible data, setting a new industry standard for how the major eLeagues collect real-time data from their streamed tournaments.
With the additional capital, the company plans to unlock an extra revenue stream for tournament organizers through access to video game data that hasn't been available before.
"We greatly value our team of investors for helping us grow HUDstats into one of the leading esports companies. The latest investment is a confirmation that we are on a good track to unlock the full potential of the esports industry. We will continue to enhance our technology, and provide the best solutions for our clients and for the industry overall,” said Andrei Balanescu, founder and CEO of HUDstats.
‘’We are pleased to help HUDstats on its mission. Their unique AVA solution opens up a new chapter, offering esports companies and professional teams endless opportunities, enabling them to achieve outstanding results. This is a great opportunity for the esports industry, and we are happy to be a part of it, ” said Illimar Mattus, Partner at Pinorena Capital.
HUDstats is an esports data and analytics company visualizing sub-second information from live matches in the esports gaming industry. With its paramount Artificial Intelligence and Machine Learning technology AVA (Advanced Video Analysis) solution, it has established the highest level of collecting, aggregating, distributing and visualizing data. Providing clients with cutting-edge solutions and offering high-quality services has become a benchmark for innovation, data integration, design and analytics.
Pinorena Capital invests in great tech companies founded by passionate engineers and entrepreneurs. With its experience in growing global businesses, it helps technology-heavy portfolio companies to scale their business.