Jake Tucker . Business . Friday 7th July 2017 . 11:17
Paris based data outfit PandaScore has just announced a successful $2.8m seed funding round, led by Alven Capital.
The news was spotted by Esports Insider, and the funding is intending to help PandaScore expand their efforts in esports, and PandaScore are looking to leverage the current need for reliable data in esports, specifically mentioning partnerships with bookmakers that could lead to more reliable real-time betting for esports, which has often led to frustration as betting is often suspending during live events while bookmakers try to make sense of the game to offer correct odds.
PandaScore is looking to resolve this, and in a statement, Flavien Guillocheau, CEO at PandaScore commented: “Our advanced artificial intelligence understands what game is playing, which teams are participating, which players are involved, and can extract all the actions, items and scores in real-time.
“PandaScore collects hundreds of data points on thousands of games per month. We think Deep Learning make esports analysis possible, but we won’t stop there. If we can analyse FIFA we can scale to real football and traditional sports.”
PandaScore has an API that distributes data taken from a variety of games, and it currently functions with League of Legends, Dota 2, Hearthstone and Fifa although the company are looking to make Overwatch and Counter-Strike: Global Offensive statistics available in the near future too.
The algorithms PandaScore use allow for live data collection directly from live video streams, meaning you can plug in a live Twitch stream — or any other streaming service — and the algorithm can analyse it and return hundreds of different data points as the game is in progress.
Esports Insider has more info, including quotes from several parties involved.