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The PingPod and Sharks locations are in the ground floor of buildings and are fully automated, meaning people reserve tables via an app and receive a code to access the facilities, most of which are open 24 hours per day, 7 days per week. PingPod was seeking space in the ground floor of buildings in highly-trafficked areas where people could walk by and see the tables and layout. He lodges on the floor above me, and I have some slight acquaintance with him, which led him to come to me in his perplexity. They’re high-quality and come in a variety of sizes to suit any player’s preference. PingPod has raised $19 million from a variety of investors, including Sequoia Heritage, its lead investor. The venue proved attractive to people, which "solidified the proof of concept" and helped PingPod raise a seed round from outside investors, according to Kogler. "We had to put down personal guarantees for the first few pods quite substantially," Kogler said.

Still, Kogler said it was "definitely a challenge" at first convincing building owners to lease space to PingPod because the concept had not been tested. Silberman had created a spreadsheet with 37 tabs that included assumptions about how much it would cost to lease space in buildings. A multiple hint functionality that doesn’t spoil too much of the research process is available. Five years ago, David Silberman was working as an equity research associate at UBS, a high-paying and prestigious finance job for someone in their mid-20s. When the company acquired Sharks last year, it gave PingPod a chance to expand to another sport while also testing the technology and software it had been building for a few years. PodPlay charges club owners a monthly fee to license the software and technology. The company last year acquired Sharks, an operator of pool/billiards clubs, and started a subsidiary, PodPlay, that is selling its software and technology to other sports venues. About a year ago, the company launched PodPlay, which Kogler describes as a "club management platform." PodPlay allows club owners to run their venues autonomously, meaning they don’t need as many employees and can keep their venues open longer.

The art playground, new aquatic center as well as over two hundred recreational facilities will likely keep everyone energized. It’s a place where camaraderie is built around the pool tables, and friendships flourish over the shared joy of a well-played game. He added "the vast majority" of the table tennis and pool clubs are profitable. No employees work at the locations, but the company has a security team based in the Philippines that executives call "the angels in the sky" who monitor the clubs remotely via security cameras. That location was closed for several weeks due to restrictions put in place following Covid-19, but it re-opened in late May 2020 because it had no employees on-site and people could safely adhere to social distancing protocols. In early 2021, PingPod opened its second location on West 37th Street in Manhattan near the Times Square neighborhood. Kogler and Ebuen came aboard as co-founders, and PingPod opened its first location on the Lower East Side of Manhattan in February 2020, a month before the coronavirus pandemic began. Since opening the first location in February 2020 in Manhattan, PingPod has expanded to 20 spaces in six states, as well as in England and the Philippines.

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