Cipher Sports Technology Group, a Melbourne, Australia-based sports betting startup, closed a $5m Series A funding round.
The round was led by Cygnet Capital, with participation from high net-worth individuals.
The company intends to use the funds to accelerate its growth into the legal US sports betting market.
Co-Founded by Adam Fiske, Katie Prowd, Darryl Woodford and Nick Slade, Cipher arms users with a combination of tools, content and communities, and makes sports more bettable. Cipher is powered by advanced analytics that drive the machine learning models developed by our team of data scientists, who specialize in sports betting and daily fantasy. These predictive analytics models, combined with its proprietary technology, power its entire network of consumer brands, as well as B2B partnerships with media companies and betting operators.
Cygnet Capital,
The company now has offices in both New York City and Melbourne, Australia.
FinSMEs
14/07/2022