Fyma, a Tallinn, Estonia-based AI enterprise specializing in real-time video feed analysis, secured $2.1 million in funding.
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.
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.
Company: Fyma OÜ
Funding Month: November 2023
Lead Investors: Quadri Ventures
Additional Investors: Second Century Ventures
Company Website: https://www.fyma.ai/
Software Category: Video Analytics