Oracle sponsors Red Bull Racing to the tune of $300 million

Oracle sponsors Red Bull Racing to the tune of $300 million

Oracle is expanding its partnership with Red Bull Racing. Oracle will invest $300 million in Red Bull’s Formula One team over the next five years. The team will be named Oracle Red Bull Racing starting this season.

Oracle and Red Bull Racing have collaborated in the past season, which proved satisfactory. The racing team used Oracle’s tech for data analytics, which ultimately played a part in Max Verstappen’s championship.

Improved simulation capabilities

Red Bull Racing leveraged Oracle Cloud and OCI capabilities to increase the number of racing simulations. Thereby, prediction accuracy and decision-making improved. Furthermore, the simulation speed was accelerated by a factor of 10, which — according to the parties — led to significant cost savings.

Oracle Red Bull Racing Team

The team’s name will be changed to Oracle Red Bull Racing. In addition, the Formula One team will use Oracle Cloud and OCI’s technology for additional operations. These include analytics-based race strategy, optimized engine development through Red Bull Powertrains, driver training based on AI and personalized fan service. Furthermore, Oracle will play a significant role in Red Bull Racing’s development of an eSports platform for motorsports.

Update: An earlier version of this article mentions $500 million dollars as the investment from Oracle in Red Bull Racing. That was incorrect. We have amended the story to display the correct amount of $300 million.

Tip: Red Bull Racing chooses Oracle as its cloud infrastructure partner