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Exclusive: Fyld raises £12M for field worker AI

A field worker using Fyld technology at a remote project.

Fyld with construction company Granite Construction in Houston, Texas on-site at a 2024 highway project. Photo courtesy of Fyld.

Fyld, a startup developing AI to manage field workers, closed £12 million in funding ($15 million) led by pension giant Ontario Teachers' Pension Plan.

Why it matters: Much of the field work being done in infrastructure areas like electricity, water and gas networks lacks digital tools and can be inefficient.

How it works: A field worker uses a tablet to capture a 90-second video clip of the site where a maintenance project or an upgrade is meant to be done.

  • Fyld's software can analyze the videos and enable a remote manager to help collaborate with the field worker.
  • The AI can give the manager tips on where to focus attention or alerts for safety hazards.
  • Fyld's CEO Shelley Copsey says the product can help companies boost productivity by 8% in as little as 6 weeks, and can slash transportation travel by supervisors by 50%.

Zoom in: London-based Fyld was originally launched in 2020 by the venture studio of Ontario Teachers', called Koru.

  • Copsey says the company plans to use the funds to hire executives and build out its AI tech.
  • The startup collaborated early on with UK gas utility SGN.

The big picture: Infrastructure companies are facing the combined pressures of a skilled labor shortage, inflation, and regulatory oversight.

  • More digital tools, and AI, can help companies operate more efficiently and cost effectively.
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