Sports Betting Organization the $5 million Series A round raised by Cipher Sports Technology Group

An Australian firm that offers sports betting, Cipher Sports Technology Group, has secured $5 million in a Series A round.

As more customers feel comfortable placing bets online, the company intends to use the proceeds to grow in the United States, a region where it already has a foothold and where it sees potential for outsized growth. Additionally operating in Australia, Cipher intends to broaden its reach in the following 12 to 18....