Maryland-based company hopes to transform the sports-betting industry
COLUMBIA, Md., (July 30, 2024) — TEDCO, Maryland’s economic engine for technology companies, announced a recent $250,000 Seed Funds investment in SharpRank. TEDCO’s Seed Funds aim to reach prospective businesses showing potential of being venture fundable or other forms of corporate venture, such as follow-on funding.
“We understand that a standardized approach to overseeing public influence of sports betting is needed, which is why I founded SharpRank,” said Christopher Adams, founder and chief executive officer at SharpRank. “Now, thanks to TEDCO’s investment, we can continue to grow and improve processes.”
SharpRank, located in Timonium, Md., is devoted to securing the sports betting industry through dependable protection of users from market manipulation. Thus far, the company offers a variety of data solutions that provide needed insight, analytics and evaluation. These solutions include comprehensive data aggregation, auditing, real-time updates and transparency.
“SharpRank is leveraging artificial intelligence to create a method that promotes transparency and fairness in a growing market,” said Teddy Gresser, director of Seed Funds at TEDCO. “We hope this innovative thinking fosters new ideas and innovations while also supporting the Maryland ecosystem.”
SharpRank has continued to be active in TEDCO initiatives, including the Legislative Technology Showcase and Good Morning Washington’s TEDCO Business Spotlight.
Seed Funds through TEDCO are essential for businesses with the potential to grow their sustainability through customer revenue or other corporate ventures. For further information regarding TEDCO Seed Funds, please visit https://www.tedcomd.com/funding/seed-funds.