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Peripheral Labs hires former Meta product head Shaun Carrigan to take its 3D replays to broadcasters

Peripheral Labs, a Toronto startup with an $8.7 million seed round, made former Meta Reality Labs product head Shaun Carrigan its first chief product officer. The hire puts a broadcast-tech veteran in charge of taking the company's 3D sports video to broadcasters as replay clips.

The Investor · Invest desk

Photograph accompanying Peripheral Labs hires former Meta product head Shaun Carrigan to take its 3D replays to broadcasters
Photo: betakit.com

What happened

  • Peripheral builds volumetric video capture and markerless tracking infrastructure aimed at live sports.
  • CEO Kelvin Cui and CTO Mustafa Khan, University of Toronto robotics graduates who built self-driving racecars, founded the company in 2024.
  • Deloitte Ventures and Inovia Capital led the seed round, with existing backers Khosla Ventures and Entrepreneurs First also taking part.
  • Carrigan left Meta Reality Labs last year for personal reasons and considered starting his own volumetric company before meeting Cui.
  • Carrigan holds three US patents in virtual camera systems and five Emmy Awards for technical innovation from two decades in sports media tech.

Compiled by The InvestorSomething wrong?How this is made

Why it matters

  • decision Aiming the first product at broadcast and social replays puts Peripheral's coaching and biomechanics work second, and keeps the mixed-reality work Carrigan did at Meta out of the near-term plan.
  • constraint A replay clip is worth most while the game is live or the highlight is fresh, so the speed problem Carrigan names is also what stands between Peripheral and a first broadcast sale.
  • exposure Deloitte Ventures, Inovia and the earlier backers carry the timing risk in a format Intel and Meta both stepped back from, and Carrigan himself treats the open question as when, not if.

Carrigan has done this job before, for larger companies. He spent six years at Intel Sports as director of product and experience [12]. There, he says, he headed the first virtual-reality production of a Winter Olympics and collaborated with the NFL on sports' first interactive volumetric experience [12]. Intel later wound down the unit, and Meta, which he joined in 2022 to work on mixed reality, has since scaled those plans back to focus on AI [14]. He worked on two immersive efforts at large companies, and both were cut back [1].

He takes a different lesson from the same history. "I realized there that volumetric video is the future," Carrigan said of Intel. "The question isn't if, the question is when." [13] He told BetaKit the three major barriers are quality, cost and speed, and that Peripheral is well on its way to tackling them [5].

Whether there is a business depends on cost and speed. Peripheral's approach is a large reconstruction model that turns 2D camera images into navigable 3D video, built on robotics and autonomous-vehicle perception work [7]. Carrigan's near-term product is clips that broadcasters use for live and social-media replays [16]. BetaKit's account does not include a price, a named customer or a per-game capture cost.

The reported facts fit more than one outcome. Broadcast clips could become the paying product, as Carrigan intends [16]. Coaching could become the business instead. The model is pitched at coaching as well as live sports [7]. The only facility on record is a biomechanics basketball shooting lab Peripheral opened in May and describes as North America's first outside the NBA [8]. Or cost and speed do not fall far enough, and the $8.7 million seed [9] runs out before a broadcaster commits.

I think the hire is a sales move, or rather, a bet that Carrigan's broadcast record shortens the time to a first sale. Go-to-market is written into his remit [3]. Broadcasters are also the customers his Sportvision years served: over 11 years there he helped develop PITCHf/x, Next Gen Stats and the yellow first-down line, all now standard in sports broadcasting [11]. Carrigan tied the move to deployment. "[I] had already done that at Intel and was ready to do that again," he said [10].

The counter-case is that a startup's first chief product officer [1] is mostly a product hire, and go-to-market stays a line in a job description until a contract appears. Carrigan's own stated reason leans on the technology. "They were so far ahead on the technology that it was time to jump in," he said [4]. The sales reading is wrong if the first revenue Peripheral discloses comes from teams or coaching programs. For now, Carrigan said, he is "looking forward to bringing Peripheral's content in front of millions of people." [17]

What to watch

  • A named broadcaster or league putting Peripheral's volumetric clips into a live game or a social replay feed.
  • Whether Peripheral discloses what it costs to capture one game volumetrically, the figure that would show progress on the cost barrier.
  • The size and lead investors of Peripheral's next round, and whether Deloitte Ventures and Inovia Capital put in more.
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