London's FYLD raises $41M for AI
FYLD, a female-founded AI infrastructure company based in London, has raised $41 million in a Series B funding round. The company develops AI-powered tools for frontline workers on large-scale infrastructure and industrial projects. The investment signals continued venture capital interest in horizontal AI and workflow automation platforms.
- The Series B round was led by Energy Impact Partners (EIP), with participation from Partech's Growth Impact Fund and existing investor Ontario Teachers' Pension Plan. EIP, a global investor with over $4.5 billion in assets under management, focuses on driving innovation in the energy and industrial sectors. - FYLD's AI platform analyzes short videos captured by field workers to identify safety and delivery risks in real-time, aiming to replace static forms and reduce incidents. The company reports that its system can decrease serious worksite injuries by up to 48% and deliver value to customers within four weeks. - This funding follows a period of significant growth for FYLD, which saw an 82% year-over-year revenue increase in 2025. The company is expanding its U.S. footprint, with clients like Kiewit Corporation and Quanta Services, and projects that over 40% of its revenue will come from the U.S. by the end of 2026. - Co-founded by CEO Shelley Copsey, who has over 25 years of experience at the intersection of physical infrastructure and digital technologies, and Karl Simons OBE. The company recently strengthened its executive team by hiring Mohan Sadashiva as Chief Product and Technology Officer. - The investment in FYLD aligns with a broader trend of increased venture capital focus on AI in the UK, which saw machine learning startups account for 22% of all UK tech investment in the first half of 2025, up from 12% in 2019. The UK AI sector's combined market valuation reached $230 billion in the first quarter of 2025. - In Formula 1 pre-season testing in Bahrain, Ferrari's Charles Leclerc set the fastest time on the final day, while Aston Martin experienced some difficulties. Off the track, Aston Martin sold its F1 naming rights for a reported £50 million amid a profit warning.
