Fyma secures $2.1m from Quadri Ventures and Second Century Ventures to scale its camera analytics platform.
Quadri Ventures and Second Century Ventures led the investment round to support go-to-market expansion and product development.
≈ £1.7M at $1 = £0.8182 on 10 Nov 2023
London based artificial intelligence firm that converts security camera feeds into analytical sensors for property management.
Fyma has secured $2.1m in funding to scale its video analytics technology. Quadri Ventures and Second Century Ventures led the round, with participation supporting the company expansion in the real estate sector. The capital will fund go-to-market initiatives and product research.
Founded in 2019, the firm provides software that integrates with existing IP cameras to deliver real-time data on footfall, occupancy and parking. The technology aims to help property managers monitor assets without installing new hardware. Previous backing includes participation in industry programmes in the United States.
The fresh capital arrives as the company looks to deepen its artificial intelligence capabilities for commercial clients. Leadership intends to use the investment to refine tools tailored for facilities management and estate asset tracking.
From the founder
"It is a really exciting time for Fyma, and we are delighted to have secured the support of Quadri Ventures, SCV and VeUP to continue our growth journey. Our innovative AI solution saves enormous amounts of time and money for our customers and armed with this investment, technological support and the fantastic strategic network of SCV, we will continue to develop our solutions to deliver valuable, market-leading software for our global client base."
Karen Burns
CEO at Fyma
Investor perspective
"Fyma is working at the cutting edge of AI automation to seamlessly deliver new insights for property groups and real estate companies around the globe. Their laser-like focus on ease of deployment and scalability coupled with a simple end-user experience is what we feel separates Fyma apart from legacy solutions across this space. We are excited to partner with Fyma and feel confident Quadri’s comprehensive go-to-market support, corporate connections and deep cloud expertise will help propel Fyma rapidly toward the next stage of their evolution."
Andrew Drylie
Investment Manager, Quadri Ventures
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Accelerate go-to-market
