AI-Powered Field Work Platform FYLD Secures £12M in Funding
April 18, 2024, 3:34 pm
London-based FYLD, a provider of an AI-powered field work execution platform, recently closed a £12M funding round led by Ontario Teachers’ Pension Plan. The company plans to use the funds to scale its commercial team, accelerate product development, enhance its AI-driven predictive analytics platform, and expand into new markets globally.
FYLD's digital platform empowers field managers to make data-led decisions in real time, transforming operational processes with the help of AI. By analyzing real-time field data using technologies like natural language processing and computer vision, FYLD helps companies in critical infrastructure sectors drive operational efficiency and reduce safety incidents.
CEO Shelley Copsey highlighted the platform's ability to increase productivity by 8% in just 6 weeks, while also improving safety measures and reducing transportation costs for supervisors. The company's collaboration with UK gas utility SGN has helped validate its technology and drive revenue growth.
With the increasing pressures faced by infrastructure companies, digital tools like FYLD's AI platform can help streamline operations, improve efficiency, and navigate regulatory challenges. The funding secured by FYLD will enable the company to further develop its technology and expand its reach in the field work management market.
FYLD's digital platform empowers field managers to make data-led decisions in real time, transforming operational processes with the help of AI. By analyzing real-time field data using technologies like natural language processing and computer vision, FYLD helps companies in critical infrastructure sectors drive operational efficiency and reduce safety incidents.
CEO Shelley Copsey highlighted the platform's ability to increase productivity by 8% in just 6 weeks, while also improving safety measures and reducing transportation costs for supervisors. The company's collaboration with UK gas utility SGN has helped validate its technology and drive revenue growth.
With the increasing pressures faced by infrastructure companies, digital tools like FYLD's AI platform can help streamline operations, improve efficiency, and navigate regulatory challenges. The funding secured by FYLD will enable the company to further develop its technology and expand its reach in the field work management market.