Fyma Raises $2.1 Million in Funding

by Kay Aloha Villamor in November 13th, 2023

Fyma, a Tallinn, Estonia-based AI enterprise specializing in real-time video feed analysis, secured $2.1 million in funding.

SaaS Investors

Led by Quadri Ventures with participation from Second Century Ventures.

Quadri Ventures is a cloud-focused investment firm that provides technical and investment services for B2B SaaS businesses. Founded in 2023 and based in London, United Kingdom.

Fyma Use of Funds

The company will use the funds to fuel its go-to-market strategy and advance product development, including integrations with LLM providers and the use of generative AI tools for faster object detection learning. 

About Fyma

Fyma is a computer vision SaaS company that develops software that harnesses the capabilities of AI and computer vision to deliver comprehensive real-time analysis of video feeds. The software provides real-time video stream analysis, delivering insights for commercial real estate developers and property managers, including monitoring, occupancy analysis, footfall tracking, and parking management. It also offers data for tenant experience applications. Fyma's system operates with existing camera networks, reducing the need for new hardware and emphasizing environmental sustainability. Fyma was established by Karen Burns and Taavi Tammiste and serves clients worldwide, including QuadReal, Grosvenor Estates, and Technopolis.

Funding Details

Company: Fyma OÜ

Raised: $2.1

Round: Unknown

Funding Month: November 2023

Lead Investors: Quadri Ventures

Additional Investors: Second Century Ventures

Company Website: https://www.fyma.ai/

Software Category: Video Analytics

Source: https://startupsmagazine.co.uk/article-fyma-secures-21m-investment-quadri-ventures

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