SWEE Technologies Inc. ("SWEE"), a leader in AI-powered sports training solutions, announced today that it has raised additional capital under a Simple Agreement for Future Equity ("SAFE") agreement. The funds will be used to support key operational activities, ramp up marketing for its AI-powered coaching application, and drive the development of new features to enhance the platform’s user experience. The specific amount and terms of the funding are not being disclosed at this time.
Doug Rogers, co-founder of SWEE, stated, "This is an extremely exciting time in our company's history. We are focused on building a platform, not just a product. Our AI coaching technology caters to golfers of all skill levels, giving us a much larger total addressable market (TAM) compared with competitors, who often offer narrower, niche solutions."
He continued, "In contrast, our platform has the potential to reach millions of golfers worldwide, while also attracting thousands of coaches who can leverage our tools to enhance their services. We firmly believe the golf coaching market is primed for disruption, and our strategy is to create a platform that appeals to both golfers and teaching professionals alike."
SWEE's AI-powered platform enables golfers to receive personalized coaching insights and practice plans, offering a range of features from swing analysis to game improvement strategies, all powered by advanced machine learning. Coaches also benefit from tools that enhance client interaction and performance tracking, making SWEE a comprehensive solution for the golf community.
The new capital will accelerate SWEE's growth trajectory as it continues to innovate and expand its platform offerings.