a year ago

FYLD Raises £12 Million for AI-Powered Field Management Platform

  • FYLD, a UK-based provider of an AI-powered field management platform for critical infrastructure companies, has secured £12 million in funding led by Ontario Teachers' Pension Plan

  • The company aims to utilize the funds for scaling its commercial team, accelerating product development, enhancing its AI-driven predictive analytics platform, and expanding into new global markets

  • FYLD leverages natural language processing, computer vision, and AI to analyze real-time field data, enabling managers to make better decisions and improve operational efficiency

  • This funding brings FYLD's total raised to £26 million.

      • ProblemTechnology

      "In the infrastructure sector, software deployed to field workers is not effective. This leads to poor productivity, safety incidents, and inefficiencies for companies."

      Solution

      "FYLD offers an AI-powered field management platform that uses real-time data analytics and predictive modeling to optimize workforce operations, reduce safety incidents, and increase productivity. The platform helps managers make better decisions and helps fieldworkers perform their jobs more efficiently and safely."

      Covered on