FYLD

Fyld, a London-based artificial intelligence company focused on analysing operational risks for dangerous worksites, has successfully secured £32 million in a Series B funding round. This capital injection is intended to drive the company's ambitious expansion plans, particularly into the US market, where it anticipates substantial revenue growth.

Summary of transaction details:

• Value: £32 million
• Sector: AI, Worksite Safety, Construction, Energy, Infrastructure
• Advisor: N/A
• Key Entities: Target: Fyld; Lead Investor: Energy Impact Partners; Participating Investor: Partech via its Growth Impact Fund
• Location: Target based in London, UK, with US expansion plans. Lead investor based in New York.

Note: This funding round underscores a strategic shift towards proactive risk management in frontline workforces, leveraging AI to provide real-time intelligence and visibility, thereby addressing a historically underserved market with significant technological innovation.