On April 17, 2024, the AI-driven construction site management platform headquartered in London, UK, FYLD announced that it had raised £12 million in Series A funding. This funding round was led by Ontario Teachers’ Pension Plan.
The company plans to use the raised funds to expand its commercial team, accelerate product development, enhance its AI-driven predictive analytics platform, and expand in existing global markets and new markets.
FYLD was founded in 2020 by Shelley Copsey, Anish Patel, and Karl Simons. The company provides an AI-driven digital platform designed to empower site managers to make data-driven decisions in real time and to transform operational processes and procedures with data. FYLD's technology uses transformative technologies such as natural language processing, computer vision, and artificial intelligence to analyze site conditions in real time, helping managers and operations teams make better decisions.
(Source:Tech.eu）