Fyma Secures $2.1 Million in Funding for AI-Driven Real-Time Video Analysis
In Brief
Fyma, a startup founded in London, has successfully secured $2.1 million in investments through a funding round spearheaded by Quadri Ventures, with contributions from Second Century Ventures.
London-based startup Fyma has successfully gathered $2.1 million (£1.7 million) in a funding round led by Quadri Ventures, along with participation from Second Century Ventures. This latest influx of capital will enable the startup to refine its offerings and bolster its marketing approach.
"Our AI technology saves our clients both time and resources, and with this new funding and technological support, we are poised to advance our solutions and deliver top-tier software for clients around the world,\" remarked Fyma’s CEO, Karen Burns.
"This funding, along with technological assistance, will empower us to keep enhancing valuable, industry-leading software for our global clientele,\" Burns emphasized, showcasing the critical nature of this funding round.
Founded in 2019, the startup employs AI and computer vision technology that can analyze live video feeds aimed at assisting property managers by offering insights into the property management workflow.
Fyma’s Eco-Friendly AI Minimizes Hardware Needs
As noted by the company, the platform can accurately track foot traffic, deeply analyze how spaces are utilized, and provide data to optimize parking management. With origins in Estonia, the startup has opened offices in both London and New York, recently relocating its primary operations to its UK headquarters.
Furthermore, Fyma's software is designed for compatibility, allowing it to be integrated seamlessly with any IP camera globally, harnessing AI and boasts advanced computer vision functionalities to carry out real-time video analysis.
Importantly, Fyma's technology prioritizes environmental sustainability by reducing reliance on additional hardware, reflecting the company’s commitment to minimizing the carbon footprint associated with conventional sensor systems.
The data produced by Fyma’s platform can also integrate with Environmental, Social, and Governance (ESG) dashboards, which illustrates a broader dedication to sustainability.
Quadri Ventures, a venture capital firm renowned for its support of startups leveraging Amazon Web Services, recognized the innovative AI automation approach being taken by Fyma. Andrew Drylie, Investment Manager at Quadri Ventures, commended the startup for its focused approach to easy deployment and scalability, setting Fyma apart from older solutions in the property management arena.
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