The leading AI and ML personalization software provider for the sports betting vertical, Epoxy.ai, announced it secured a multi-million-dollar investment round. The company confirmed Monday that the latest round was led by Andover Ventures, as well as SeventySix Capital, along with several other investment funds. According to Epoxy.ai, the latest investment round will help propel its expansion on a global scale, allowing it to deliver its customizable solutions powered by AI and ML to new clients.
In addition to expanding its global footprint, the company confirmed it anticipates further expansion into the iGaming and media industry. According to Epoxy.ai, in the coming weeks, there will be further significant investments that can fuel its growth. Only recently, the software provider confirmed the launch of the industry’s first one-to-one plug-and-play personalized betting offering, SmartPicks, with betPARX in the United States.
A representative for Andover Ventures commented regarding the new investment saying that Epoxy.ai stands out with quality products and an experienced management team. The representative said that Andover is excited to collaborate with the company and help it reach a new level of its growth. “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,” said the presentative in conclusion.
Wayne Kimmel, SeventySix Capital’s Managing Partner, added that Epoxy.ai is currently one of the great innovators in the sports betting sector. He added SeventySix Capital continues to invest in the company as it sees further growth and expansion. Finally, Kimmel praised the excellent management team at Epoxy.ai.
The Company Is Delighted to Secure New Investments
Chris Reynolds, Epoxy.ai’s co-founder and CEO, was similarly delighted about the latest funding round. He said that the company is excited to see further investments from Andover Ventures and SeventySix Capital. Finally, he pointed out: “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.”
“As part of our latest funding round, we’re delighted to secure investments from both SeventySix Capital and Andover Ventures.“
Chris Reynolds, co-founder and CEO of Epoxy.ai
Currently, Epoxy.ai offers a range of plug-and-play components that can be used by sports betting operators. Additionally, the company delivers a range of solutions that can be easily integrated and licensed along with an AI-based engagement platform that powers leading operators such as Playtech, AWS and Kambi, among others.