Fyld, a London-based AI company that analyses operational risks for dangerous worksites, is eyeing an expansion to its US operations as it announces a £32m funding round.
First founded in 2020, Fyld is used in sectors such as construction and energy to provide real-time intelligence based on videos submitted to the platform by workers.
The company’s AI system analyses the condition and safety of the situation while managers have visibility across multiple jobs and sites without the need for site visits.
Now fuelled with the Series B capital injection, the company is gearing up for an expansion to its US business, which currently accounts for more than 40% of the company’s revenue.
“The momentum we’re seeing reflects a clear shift: infrastructure leaders know reactive management of their frontline workforce has never worked at scale,” said Fyld co-founder and chief executive Shelley Copsey.
The new round was led by New York-based Energy Impact Partners and included participation from Partech via its Growth Impact Fund.
“We invest in impact-native category champions with the ambition and maturity to scale,” commented Rémi Said, general partner at Partech.
“Fyld is tackling large-scale infrastructure projects, a category that has been underserved by technology for decades. Its strong ROI for customers, AI-powered product and robust go-to-market engine give us confidence that Fyld can emerge as a global leader.”
Fyld was previously backed by NatWest in a $10m (£7.36m) investment round.
