Fyma secures $2.1M investment from Quadri Ventures
Fyma, an AI enterprise specialising in the analysis of real-time video feeds, has concluded an investment round, securing $2.1 million. Quadri Ventures spearheaded the round with participation from Second Century Ventures.
The software crafted by Fyma aims for universal compatibility, offering seamless integration with any IP camera globally. By leveraging AI and computer vision, it provides thorough analysis of video streams in real-time.
The company's software delivers extensive insights to commercial real estate developers, asset owners, and managers, enhancing property management through monitoring, occupancy analysis, footfall tracking, and parking management. It also offers data for tenant experience applications.
Emphasising environmental sustainability, Fyma's system operates with existing camera networks, obviating the need for new hardware and supporting the firm's objective to reduce the carbon footprint of sensor systems. The data can be amalgamated with ESG dashboards.
Fyma intends to allocate the investment towards its go-to-market strategy and to advance product development with a dedicated research and development initiative. Plans include bolstering integrations with LLM providers and utilising generative AI tools for quicker object detection learning.
Karen Burns, CEO of Fyma, expressed her enthusiasm: “Fyma is at a thrilling juncture, and we are overjoyed to have obtained backing from Quadri Ventures, SCV, and VeUP to further our expansion. With this investment, technological support, and SCV's strategic network, we aim to refine our solutions and offer superior, market-leading software to our international clientele.”
Fyma's software caters to a diverse range of customers, from single office buildings to vast retail spaces and extensive mixed-use projects. Its AI technology also enables modal share measurement and possesses both indoor and outdoor capabilities, providing a complete view of real estate assets.
Andrew Drylie, Investment Manager at Quadri Ventures, remarked: “Fyma stands at the forefront of AI automation, delivering fresh insights to global property and real estate firms. Their commitment to deployment simplicity and scalability, along with a user-friendly interface, distinguishes Fyma from traditional offerings. We are eager to support Fyma's growth with Quadri’s extensive market support and cloud expertise.”
Dave Garland, Managing Partner at Second Century Ventures, commented on their support for Fyma: “We are thrilled to back Fyma, a pioneer in converting visual data into actionable insights. Their AI-centric approach is poised to redefine data analytics in real estate, resonating with our commitment to technologically advanced enterprises.”
“The company has impressed us with their technology and team during our US Commercial programme in 2023. Their vision and technology stand to enact considerable change and deliver outstanding value to clients. We are confident in their potential to transform the industry and are excited to accompany them on this path,” Tyler Thompson, Managing Partner at Second Century Ventures, added.
Fyma was established by CEO Karen Burns and CTO Taavi Tammiste and serves clients worldwide, including QuadReal, Grosvenor Estates, and Technopolis.
Quadri Ventures is a Venture Capital Fund dedicated to fostering growth for startups leveraging Amazon Web Services (AWS), in partnership with tech consultancy VeUP.
Second Century Ventures represents the investment sector of the USA’s National Association of REALTORS, a trade association with 1.4 million members and partnerships in 85 countries.