LiveClips provides a workflow technology platform that aggregates live, post-game and archived sports feeds to create, digitize and deliver discrete, searchable video clips of every play for delivery to linear broadcast and digital devices. The system enables immediate personalized sports highlights and is used to power the DIRECTV NFL SUNDAY TICKET App experience. LiveClips' platform targets delivery of new sports content packages to fans across broadcast and digital channels. The company is led by Lewis Bakes (Chairman and CEO), Wilson Lee (CFO and Executive Vice President), Brian Kalinowski (Chief Operating Officer), Kevin Piltz (Chief Information Officer) and David Weite (VP of Engineering). The article notes that LiveClips received an investment from DIRECTV; the amount of the transaction was not disclosed. No revenue, user metrics, valuation or other financial details are provided in the article. LiveClips develops proprietary technology that ingests live game feeds, creates discrete searchable video clips, digitizes them and delivers personalized clips to web- and mobile-enabled devices within roughly 10 seconds of live action. The platform automates clipping and tagging so broadcasters, rights holders and fantasy/sports fans can filter clips by team, player and play type. LiveClips reported creating 83,000 discrete clips during the 2011 NCAA/BCS season, of which 6,887 were distributed and viewed over 65 million times. The company has worked with Major League Baseball and ESPN and relocated from New York City to Stamford in 2011. Management is pursuing contracts to deliver the service for soccer, golf, football, baseball and basketball in 2012 and 2013. Recent new investments are intended to help extend the team, infrastructure and market reach to meet growing demand. LiveClips delivers instantaneous in-game video clips to smartphones, tablets, PCs and other Internet-enabled devices, offering personalized, socially enabled content that users can share via Facebook and Twitter. Its automated multi-screen service creates and distributes clips significantly faster than competing offerings, enabling broadcasters and rights holders to provide real-time notifications and open new revenue opportunities. The company’s technology has been used by Major League Baseball and by ESPN for NCAA college football and the FIFA World Cup. LiveClips has increased staff by 300% since March and recently relocated from New York City to Stamford, Connecticut, occupying space formerly used by Oracle. It is in discussions with multiple broadcasters and sports leagues and is developing several fantasy sports league offerings. CEO Lewis Bakes said the company aims to expand quickly to meet growing market demand and to solidify relationships with strategic investors and partners.

Total raised

$3M

Funding rounds

4

Latest round

Equity

Latest activity

Feb 2012