Monday, March 4, 2024
HomeFunding Tallinn-based Motion Analytics Startup Fyma Secures $2.1M in Funding

[Funding alert] Tallinn-based Motion Analytics Startup Fyma Secures $2.1M in Funding

Motion analytics startup FYMA, based in Tallinn, secures $2.1 million in funding. Quadri Ventures and Second Century Ventures are leading this raising money round.
Karen Burns – Co-Founder & CEO(left), Taavi Tammiste – Co-Founder & CTO(right) of Fyma

Motion analytics startup FYMA, based in Tallinn, secures $2.1 million in funding. Quadri Ventures and Second Century Ventures are leading this raising money round.

Through an organised research and development schedule, the company will leverage the funding to drive additional product creation and promote its go-to market strategy.

Read also – London-based Letoon Holding Secures £20M in Funding

This involves employing generative AI technologies to teach its AI to detect new objects faster and strengthening its integrations with LLM providers to give seamless insights without requiring the creation of specialised dashboards.

The company creates software which employs artificial intelligence (AI) and computer vision to provide in-depth, real-time video feed analysis.

Read also – Copenhagen-based Biotech Startup Octarine Bio Secures €4.35 Million in Funding

Karen Burns, CEO of Fyma, shared: “It is a really exciting time for Fyma, and we are delighted to have secured the support of Quadri Ventures, SCV and VeUP to continue our growth journey. Our innovative AI solution saves enormous amounts of time and money for our customers, and armed with this investment, technological support and the fantastic strategic network of SCV, we will continue to develop our solutions to deliver valuable, market-leading software for our global client base.”

According to Andrew Drylie, Investment Manager at Quadi Ventures: “Fyma is working at the cutting edge of AI automation to seamlessly deliver new insights for property groups and real estate companies around the globe. Their laser-like focus on ease of deployment and scalability coupled with a simple end-user experience separates Fyma from legacy solutions across this space. We are excited to partner with Fyma and feel confident Quadri’s comprehensive go-to-market support, corporate connections, and deep cloud expertise will help propel Fyma rapidly toward the next stage of their evolution.”

About Fyma

By improving occupancy and human activity analytics, FYMA helps to maximise the generation of value in commercial real estate. They work alongside asset managers, owners, and CRE developers in the US, UK, and Nordic regions. Working with existing hardware, FYMA offers the fastest integration accessible on the market along with more data, value, and insights.

Read also – Chasse sur Rhône-based Recyc’ELIT Raises €3.2M in Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular