# Azuray Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/azuray-technologies

- Industry: Renewable Energy
- Headquarters: Durham, US
- Website: www.azuraytech.com
- Total disclosed funding: $12M
- Latest round: Series A (Jul 15, 2010)
- Investors on record: 1

## About

Azuray Technologies operates as an online betting platform, specializing in sports betting and casino games, providing a user-friendly experience for enthusiasts in Southeast Asia.Founded in 2007, Azuray Technologies is based in Durham, US, focusing on online betting services. The company secured a Series A funding round with New Enterprise Associates, raising USD 5.00 mn as of July 15, 2010. Azuray has conducted two deals in total since its inception, emphasizing its commitment to the online gaming sector.Azuray Technologies primarily functions as an online betting platform, offering services in sports betting on events such as football and basketball, alongside a variety of casino games including baccarat and slots. The platform is designed to cater to gambling enthusiasts by delivering an accessible and interactive experience across various operating systems, targeting customers primarily in Thailand and other ASEAN nations.Azuray Technologies generates revenue through transactional fees on its betting platform. Income is derived from a percentage of wagers placed by customers on sports events, maintaining a Business-to-Consumer (B2C) relationship. The platform provides various betting options and its pricing structure is contingent on the odds of each event, which fluctuate based on market conditions.Azuray Technologies plans to leverage the recent Series A funding to enhance its product offerings and expand into new markets. The company is focusing on the development of new gaming products and aims to launch additional features for its platform. Future growth also includes targeting expansion into emerging markets in Southeast Asia, with specific efforts directed at customer acquisition and engagement strategies.

## Funding rounds

- Series A, Jul 15, 2010, $5M — New Enterprise Associates
- Series A, May 14, 2008, $7M — New Enterprise Associates

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A