Epoxy.ai Secures Multi-Million Dollar Investment Led by SeventySix Capital and Andover Capital
Epoxy.ai, an AI and ML personalisation software provider for the sports betting industry, has successfully raised a multi-million-dollar investment round. The funding was led by existing investor SeventySix Capital and Andover Ventures, with the participation of several other investment funds.
Epoxy.ai specializes in AI and ML-based personalization technology, offering tools to sports leagues, betting companies, and media entities to enhance customer acquisition, engagement, and retention. The investment will support the expansion of their customizable experiences powered by AI and ML on a global scale.
The company provides a combination of off-the-shelf plug-and-play components and licensable, easily integratable APIs, making it one of the most advanced AI-based engagement platforms in the market. Epoxy.ai serves clients such as AWS, Kambi, Playtech, and NASCAR.
Recently, Epoxy.ai launched SmartPicks, a one-to-one plug-and-play personalized betting offering, in partnership with major operator group betPARX in the US. SmartPicks utilizes AI to enable personalized bets for customers, providing unique bet suggestions based on various variables.
Epoxy.ai aims to expand its services to iGaming and media in the future and expects to announce additional investors in its latest funding round soon. This investment will drive Epoxy.ai’s growth and innovation within the igaming industry.
“As part of our latest funding round, we’re delighted to secure investments from both SeventySix Capital and Andover Ventures,” stated Chris Reynolds, co-founder and CEO of Epoxy.ai, “While we’re only at the start of our journey, it is an incredible vote of confidence in our cutting-edge technology and we’re confident that our understanding of AI and ML technologies will allow us to bring unmatched engagement to partners.”
“We’ve 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,” commented Wayne Kimmel, Managing Partner of SeventySix Capital. “Chris and Jason are forward-thinking entrepreneurs who are building the future of sports betting and beyond.”
“Epoxy.ai has an excellent management team and a proven product already that stands apart.” stated Andover Ventures. “We’re delighted to back them with our investment and look to work together to progress to the next level. It’s 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.”
