Orreco, a sports and data science company based in Ireland, has raised $2m in funding, aiming to create 30 new positions in Galway and LA.
Orreco’s bid to scale up its global operations has received a welcome boost, as Silicon Valley-based True Ventures has invested $2m into the company.
Orreco uses machine learning and data analytics to investigate, and monitor, injuries experienced by sportspeople.
The funding is expected to create up to 30 positions across Orreco’s Galway office and a new LA base, as US interest in its service continues to grow.
“We are delighted to join the True portfolio, given their proven track record in identifying market-leading solutions, particularly in our space,” said Dr Brian Moore, co-founder and CEO of the company.
“The investment will allow us to grow our US presence, further develop our product suite and support ongoing investment in research and development. We will actively recruit additional world-class data and sports scientists, and software engineers.”
Orreco has developed unique biomarker technology that analyses blood and other data in an elite athlete’s body.
The information helps them avoid overtraining, fatigue and even injury. Orreco uses the data to help coaches and teams achieve peak performance, giving them that extra sporting edge where winning margins are tiny.
Moore founded the company in 2010 with Dr Andrew Hodgson. Orreco’s ‘technical team’ includes Dr Andy Barr, former head of performance at the New York Knicks and Manchester City, and Dr Ara Suppiah, team physician to the 2016 US Ryder Cup team.
“This investment also moves us closer to the day when this expertise will be available to amateur athletes, helping us all to prepare for our next sporting event just like an Olympian or a pro basketball player,” said Moore.
“Leveraging machine learning in personalised digital healthcare is a great opportunity,” said True Ventures co-founder Phil Black.
“Orreco is poised for rapid growth in the professional and amateur athlete markets, thanks to Brian and his team of veteran sports and data scientists.”
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