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FYLD bags £12M to fuel expansion

FYLD bags £12M to fuel expansion
FYLD bags £12M to fuel expansion

FYLD, a London-based AI-driven fieldwork platform, secured £12M in new funding.

Leading the investment round was Ontario Teachers' Pension Plan. This fund injection will help scale FYLD's commercial team, accelerate product development, and expand market reach.

CEO Shelley Copsey stated that the platform enhances productivity and safety for field workers. The company has already seen a 3x revenue growth in 2023 due to the adoption of its platform.

FYLD utilizes AI technologies like natural language processing and computer vision to optimize field operations in industries such as utilities and heavy civil construction.

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