ai.io Secures Controlling Investment from PIF-Backed HUMAIN to Launch New Sports Vertical
HUMAIN, backed by a Public Investment Fund, has acquired a controlling stake in Solyco portfolio company ai.io.
The scouting and development app, which has an early focus on soccer, will launch a new sports vertical for the fund.
ai.io deliberately grew slowly to date, but when starting to raise an investment round last year, its leadership connected with HUMAIN and decided it was the type of financial backing and sports industry connections they were looking for. The PIF owns LIV Golf and has invested in tennis via the ATP and WTA Tours, in MMA via the PFL, and in soccer via the Saudi Pro League and Newcastle United.
– Sports Business Journal
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Sports Business Journal – PIF-backed Humain acquires controlling stake in ai.io to create sports vertical
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