Fyma, an AI company that uses real-time video feeds for analysis, has successfully closed a £1.7 million investment round led by Quadri Ventures and Second Century Ventures. Fyma’s AI-powered software boasts universal compatibility which makes it easier to integrate with any IP camera, and offers comprehensive, real-time analysis of video feeds. The platform provides detailed insights to commercial real estate developers, managers and asset owners. These include monitoring and occupancy analysis, footfall tracking, efficient parking management and data for tenant experience apps.
Fyma has designed its software to work with existing camera networks to promote environmental sustainability, thereby reducing the need for additional hardware and costly infrastructure upgrades. This move aligns with the company’s mission to reduce the carbon footprint associated with widely used sensor systems. The data can also integrate with ESG dashboards.
The new investment will boost Fyma’s go-to-market strategy and spearhead further product development through a research and development programme. The objective is to enhance the integrations with large language model providers, thereby delivering seamless insights without the need to construct custom dashboards. Furthermore, Fyma aims to use generative AI tools to enhance its AI’s ability to detect new objects in shorter periods of time.
Fyma’s flexible software provides bespoke solutions to individual office buildings, expansive retail sites and large mixed-use developments. The AI technology can also be used to measure modal share and offers both indoor and outdoor capabilities to provide a comprehensive view of all real estate assets. Clients utilizing Fyma include Technopolis, QuadReal and Grosvenor Estates.
Andrew Drylie, investment manager at Quadri Ventures, stated that Fyma is working on the cutting edge of AI automation to deliver innovative solutions to property groups and real estate companies worldwide. He further added that Fyma is distinguished by its laser-like focus on ease of deployment and scalability coupled with a simple end-user experience. He anticipates that Quadri’s comprehensive go-to-market support, corporate connections and deep cloud expertise will help propel Fyma toward the next stage of its evolution.
Karen Burns, CEO and Taavi Tammiste, CTO have founded Fyma. Burns says that armed with Quadri’s investment, technological support, SCV’s strategic network and deep cloud expertise, Fyma will continue to develop market-leading software for its clients worldwide.