FYLD secures £10m in Series A funding from Koru and SGN to support product development and international expansion.
The Series A round was provided by Koru and SGN to fund product development and global expansion.
FYLD provides an AI-powered frontline intelligence platform designed for the global infrastructure sector. The system uses video data to assess operational risks and provide live visibility for field teams.
London-based field operations platform FYLD has secured £10m in a Series A funding round. The investment was supplied jointly by Koru and SGN.
The capital will be deployed to accelerate product development, expand into international markets such as the United States and Scandinavia, and expand the company workforce from 22 to 45 employees. This financing follows previous support from Boston Consulting Group Digital Ventures and an earlier seed investment.
The business provides real-time data analysis and risk assessment tools to utilities, rail, construction and infrastructure companies, reporting strong demand across its client base.
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Grow the team
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About the company
FYLD
FYLD supplies an AI platform that delivers operational intelligence and risk detection for fieldwork.