Epoxy.ai Monday announced it has secured a multi-million-dollar investment round led by SeventySix Capital and Andover Ventures, with other investment funds also participating.
The investment round comes after the June 29 launch of SmartPicks, a one-to-one plug-and-play personalized betting offering with betParx.
“While we’re only at the start of our journey, the latest funding 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,” said Epoxy.ai CEO and Co-founder Chris Reynolds in a statement.
Epoxy.ai, based in Berwyn, Pennsylvania, is a software provider for the sports-betting industry. The investments will enable expansion of the company’s customizable artificial intelligence and machine-learning experiences.
“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,” said SeventySix Capital Managing Partner Wayne Kimmel. “Chris and Jason (Angelides, president and co-founder of Epoxy.ai) are forward-thinking entrepreneurs who are building the future of sports betting and beyond.”
Andover Ventures stated, “Epoxy.ai has an excellent management team and a proven product already that stands apart. 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.”
