Unrivaled has raised funds that put its valuation at $650 million, the 3-on-3 women's basketball league announced Wednesday.
That's nearly double its valuation from a year ago, when the league closed a Series B funding round. Unrivaled also announced that the portion of the company owned by its players is valued at nearly $200 million. The league said the player equity pool has increased 550% since it was launched.
Unrivaled president Alex Bazzell said the Series C funding is more than all of the league’s other funding combined. It will help strengthen the league, which will begin its third season this winter.
“This raise reflects the confidence investors have in what we set out to build at Unrivaled: a league where the best players in the world have a real stake in the value they create,” Unrivaled co-founder Breanna Stewart said. “Moving forward, this investment gives us even more resources to support our players, elevate the experience for fans, and grow a league that is shaping the future of women’s basketball.”
Ten Pillar Sports Fund, backed by UC Investments, led the Series C raise, which was oversubscribed. It passed the league's initial $100 million target.
“The moment for women’s sports is here,” said Jagdeep Singh Bachher, UC Investments’ chief investment officer. “Young people get it. We get it. Anyone who’s watched Unrivaled knows this game is every bit as thrilling as any other sport out there – and there’s another essential ingredient that drew us in: Unrivaled’s athletes don’t just play in the league, they own a piece of it. We’re excited to help propel that momentum forward.”
Unrivaled, which has eight teams and plays most of its games at a 1,000-seat arena in Miami, had two sold-out tour stops in New York and Philadelphia last year. The league is planning eight tour stops in 2027.
The season will tip off in early January. Unrivaled has a six-year media rights deal with TNT. League ratings were down last season, when Unrivaled went up against the Milan Cortina Olympics and the College Football Playoff.
See AP’s full sports coverage here
FILE - A player jumps to shoot during an Unrivaled 3-on-3 basketball semifinal, March 16, 2025, in Medley, Fla. (AP Photo/Rebecca Blackwell, File)
OSLO, Norway (AP) — A pro-Russian hacker group on Wednesday claimed responsibility for a cyberattack that has affected multiple Norwegian government digital services over the past three days.
The cyberattack has been ongoing since Monday, said Are Kvistad, a spokesperson for the Norwegian Digitalization Agency (Digdir), the state body in charge of making Norway's public services more digital and user-friendly, told The Associated Press.
“It's the biggest attack against Digdir solutions that we have ever experienced,” Kvistad said.
The denial-of-service attacks meant that hackers pushed massive traffic toward the agency in order to block services, including one that enables citizens to use one login across multiple public services.
However, the Digdir spokesman said that the agency managed to keep the services running “practically all the time.”
In a Telegram post on Wednesday widely reported by Norwegian media, the pro-Russian hacker group Server Killers claimed responsibility for the attack and said it had declared cyber war on Norway after the country renewed its security cooperation with Ukraine on Aug. 23.
On Sunday, Norwegian Prime Minister Jonas Gahr Støre announced during a visit to Kyiv that Norway would provide 85 billion Norwegian crowns (9.2 billion US dollars) to Ukraine from next year’s state budget for a third year in a row.
The two countries also committed to further cooperation when it comes to drone technology and other forms of modern warfare.
Norwegian officials did not comment on the hackers' claim by publication time.
All countries in Europe are on high alert with Russia stepping up its sabotage and malign activity across the continent since Moscow’s full-scale invasion of Ukraine in February 2022. Officials say the attacks are intended to undermine support for Ukraine, spread fear and discord in European societies and drain investigative resources.
In 2025, Norwegian authorities said Russian hackers were likely behind suspected sabotage at a dam in the country. During that incident, hackers gained access to a digital system which remotely controls one of the dam’s valves and opened it to increase the water flow. A three-minute long video showing the dam’s control panel and a mark identifying a pro-Russian cybercriminal group was published on Telegram at the time, the police said.
Last year, Danish authorities blamed Russia for carrying out cyberattacks against infrastructure and websites in Denmark in 2024 and 2025. Danish officials said pro-Russian group Z-Pentest carried out a “destructive attack” on the water utility company in 2024 and that a separate group, NoName057(16), was responsible for a cyberattack on Danish websites ahead of the 2025 local elections. Voth have links to the Russian state, they said.
According to Norwegian media, Server Killers were linked directly or indirectly to previous cyberattacks in Norway and other European countries.
FILE - Ukraine's President Volodymyr Zelenskyy greets Norway's Prime Minister Jonas Gahr Stoere ahead of the flag-raising ceremony to mark the National Flag Day in Kyiv, Ukraine, on Aug. 23, 2026. (AP Photo/Efrem Lukatsky, File)
