FYLD Raises £12M in Funding to Scale, Develop, and Expand Globally

FYLD Raises £12M in Funding

Key Highlights:

• Funding Round: FYLD, an AI-powered field work execution platform, raised £12 million in funding.
• Investor: Ontario Teachers’ Pension Plan led the funding round.
• Company Growth: The funds will be used to scale the commercial team, accelerate product development, enhance the AI-driven predictive analytics platform, and expand into new markets globally.

FYLD's Target Market

• Target Market: Critical infrastructure companies in Europe, North America, and South America, including utilities, heavy civil construction, and highway maintenance.
• Operational Efficiency and Safety: FYLD's AI-driven platform helps drive operational efficiency, reduce safety incidents, and improve decision-making for field managers.
• Real-Time Data Analysis: Using natural language processing, computer vision, and AI, FYLD provides real-time data analytics to enable better decision-making and job completion.

What FYLD Needs to Buy

• Product Development and Enhancement: Investments in research and development to enhance the AI-driven predictive analytics platform.
• Market Expansion: Expansion into new markets globally to reach more critical infrastructure companies.
• Commercial Team Scaling: Hiring and training a larger commercial team to support business growth and customer acquisition.