Bengaluru Sports-Tech Startup StepOut Raises $1.5 Million in Pre-Series A Round Led by Rainmatter

Bengaluru-based sports-tech startup StepOut has successfully raised $1.5 million in a Pre-Series A funding round. The round was led by Rainmatter, a venture by Zerodha, with additional participation from SucSEED Innovation Fund and Misfits Capital. 

StepOut's Funding and Expansion Plans 

StepOut plans to utilise the $1.5 million funding to broaden its international operations, enhance its investments in AI and computer vision, and scale its product capabilities. The startup is also looking to expand its focus beyond football, venturing into amateur sports and other disciplines. 

Founded by Jeet Karmakar and Sayak Ghosh, StepOut is an AI-powered platform dedicated to football performance and intelligence. It focuses on player development, match analysis, and scouting, serving youth, semi-professional, and professional football sectors. 

Impressive Growth and Clientele 

Since its last funding round, StepOut has analysed over 25,000 matches and tracked more than 1,50,000 players. The company reports a 3x year-on-year revenue growth with a 90% customer renewal rate. Currently, StepOut serves 120 clubs, academies, and federations across 23 countries. 

Read More: AI Startup Emergent Secures $70 Million in Series B Round Led by SoftBank, Khosla Ventures! 

Advanced Tools and Collaborations 

StepOut's platform offers AI-driven match analysis, automated highlights, performance dashboards, live match analytics, and advanced football metrics such as xG, xA, PPDA, and player impact scores. These tools have been deployed in tournaments like the Dream Sports Championship and elite domestic competitions. 

The startup collaborates with notable clubs and federations, including AFC Ajax, Rayo Vallecano, Bengaluru FC, Hong Kong FC, and the All India Football Federation. StepOut is also running pilots with global clubs such as Real Madrid, Chelsea, Fulham, and Espanyol. 

Conclusion 

StepOut's recent funding round led by Rainmatter underscores its commitment to expanding its reach and enhancing its technological capabilities. With a strong focus on AI-driven solutions, the startup is poised to make significant strides in the sports-tech industry. 

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