Arccos announces strategic fundraising round headlined by PGA Tour
Arccos launches strategic fundraising round headlined by the PGA Tour, TaylorMade, PING, Cobra Puma Golf and TopGolf Callaway Brands Corp.
Arccos, the world’s largest on-course tracking system and a leader in connected A.I. golf products, today announced a strategic fundraising round featuring several of the game’s biggest brands and most impactful businesses, headlined by the PGA Tour alongside PING, Inc., TaylorMade Golf Company, Cobra Puma Golf and Topgolf Callaway Brands Corp. (NYSE: MODG) among others.
In conjunction with this investment, Arccos has also been designated The Official Game Tracker of the PGA Tour.
Arccos provides the ability for golfers to capture their performance on more than 40,000 courses worldwide and track their game just like the pros, who have access to information on the PGA Tour through real-time data collected by ShotLink powered by CDW.
The Arccos Caddie App automatically captures every shot a golfer takes, provides an A.I. powered GPS rangefinder, caddie advice and personalized analytics for all game facets.
Sal Syed, Arccos CEO & Co-Founder, said:
PGA Tour Senior Vice President of New Ventures, Lance Stover, said:
Since Arccos launched, its members have taken more than 750 million shots while playing over 16 million rounds with the system in 162 countries.
That underpins golf’s largest on-course dataset that today includes 1.1 trillion unique data points.
PING President & CEO John Solheim said:
Arccos will continue to be managed and operated by the existing and long-standing Arccos leadership team.
The PGA Tour and top equipment manufacturers will become minority shareholders in the company.
For more information, please visit: www.arccosgolf.com
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