The pulse of Latvian startup scene: Week #2

#StartinLatvia attracts sizeable investment, launches new cooperation, expands into uncharted sports territories and more.

Latvian startup Anatomy Next raises EUR 300,000 worth of investments

Latvian startup Anatomy Next has signed contracts for investments worth EUR 300,000 in total with the venture capital fund Imprimatur Capital and a private investor from Latvia.

The funding will be used for the development of 3D head and neck anatomy models that will be used in medical education by universities all over the world. The startup is predicted to have a great potential in the USD 1.5 billion market of medical education software.

Rention concludes cooperation agreement with SIA Corvin Real Estate

Real estate management platform Rention has signed the first integrated cooperation agreement with SIA Corvin Real Estate to adapt the Rention system to the agency’s needs. This means that the startup is switching from test mode to actual business operations.

According to the company’s representatives, the agreement stipulates management of more than 60 apartments run by the company, in a total area of at least 5,400 square meters, via the Rention platform.

Playgineering Systems expands into uncharted sports territories

Playgineering Systems, a Latvian startup developing video analytics and multimedia systems for professional sports, is taking big strides to draw spots leagues and individual sports clubs’ interest.

According to the company’s co-founder and CEO Ričards Fomrats, the Latvian startup has decided not to compete for a chance to provide its services to the world’s wealthiest sports leagues but to concentrate on unoccupied market segments – minor sports leagues, clubs and sports that have so far been unable to afford such services.

Europe’s first computer vision laboratory to be set up in Ventspils

Ventspils Olympic Center is set to introduce innovative statistical analysis of sports games, based on computer vision and artificial intelligence. According to the developers, it will be Europe’s first computer vision laboratory in sports.

Playgineering Systems is planning to provide equipment for the project by introducing innovative player tracking solutions based on computer vision and artificial intelligence, which are unique in that players do not have to wear any special tags.

The developers indicate that in the future, the system will ensure statistical analysis of games, automated (without camera operators) filming of games from several cameras, live broadcasting, video refereeing and goal line decision making – on a par with the NBA and NHL levels.