SAN FRANCISCO, Jan. 24, 2014 /PRNewswire/ -- CrowdOptic, a maker of crowd-powered mobileand wearable applications as seen at popular sporting events, today announced it has receivedfunding to ramp up sales and marketing of its software, which curates and broadcasts live streamingvideo from Google Glass and other smart devices to stadium scoreboards, fan mobile devices andlive TV.The additional funding, which consists of debt financing from Silicon Valley Bank, as well as other key existing investors, is aiding the company in offering its software off the shelf and rapidlyonboarding enterprise customers.CrowdOptic's software, which detects where smart glasses are aiming and creates instant, livebroadcasts using Google Glass video footage, has been adopted by tech-savvy sports franchisesincluding Stanford Athletics and the Sacramento Kings.The software is in high demand for its ability to use the special features of wearable technologies totheir full advantage at live events, including using Google Glass's live, streaming video to createcrowdsourced broadcasts."We power a one of a kind experience by crowdsourcing extraordinary live Google Glass footage andbroadcasting the content throughout sporting venues," said CrowdOptic CEO Jon Fisher. "With our system for curating content based on where crowds are looking, we are able to capture and instantlyrebroadcast the most dazzling, action-level highlights." CrowdOptic works by analyzing videostreams in real time to determine where the most fans are aiming their devices. It then automaticallyidentifies all video of a moment that rates important, and streams the highest quality feed of thathighlight in real time to broadcast media."The 'killer' combo is our technology, which knows where people are looking, and Google Glass,which can be activated with head movements," said Fisher. "The resulting combination makesextraordinary things possible, such as people swapping vantage points in a crowd just by looking ateach other." To experience perspective sharing through Google Glass, powered by CrowdOptic,watch our NFL Greats demo video and read about CrowdOptic at the Sacramento Kings.
While an estimated 87,000 smart glasses shipped in 2013, global shipments of wearable smartglasses are predicted to reach 10 million each year by 2018, according to the research firm Juniper Research. Said Fisher: "Pervasive smart glasses in sports arenas will mean people will be able toaccess content by looking, as well as by dialing up screen-based applications." Related material: "Sacramento Kings and CrowdOptic Press Announcement"
CrowdOptic Raises Funding from Silicon Valley Bank to Bring Live Goog...http://www.printthis.clickability.com/pt/cpt?expire=&title=CrowdOptic+...1 of 21/25/2014 10:12 AM