Movez
AI and IoT Technology for Sports Activities
Company Overview
Snapshot
Founded in February 2019 by Asaf Peeri and Dan Gordon, Movez operates with 1–10 employees. The company ceased operations in August 2022.
Business overview
Movez develops a mobile application that leverages computer vision and AI technologies to assess skills in ball-related sports activities, including basketball and soccer. The company's AI, trained on extensive datasets, analyzes and understands ball interactions in real-time via smartphone cameras. This technology enables users to engage in drills, play games, and compete, receiving immediate feedback. Movez operates within the Media & Entertainment Technologies sector, focusing on digital content engagement and entertainment, and serves the consumer market, particularly children.
Strategic signal
In March 2022, Movez ceased operations, reportedly due to the impact of sanctions on Roman Abramovich. This event highlights the significant external geopolitical and economic risks that can affect even early-stage startups, particularly those with indirect ties to sanctioned entities. For investors, this signals the importance of thorough due diligence on funding sources and potential indirect exposures, even in seemingly unrelated sectors.
Company Intelligence Q&A
- What is Movez's primary product?
- Movez developed a mobile application that utilizes computer vision and AI to evaluate skills in ball-related activities like basketball and soccer, providing real-time feedback to users.
- When was Movez founded and by whom?
- Movez was founded in February 2019 by Asaf Peeri and Dan Gordon.
- What was a significant operational development for Movez in 2022?
- Movez ceased operations in August 2022, with reports in March 2022 indicating the shutdown was due to sanctions on Roman Abramovich.
- Which major entity acquired a stake in Movez in 2020?
- In January 2020, the German National Soccer League acquired a stake in Movez.
- What technologies does Movez primarily use in its product?
- Movez primarily uses computer vision and artificial intelligence technologies, along with IoT, to power its mobile application for sports activities.