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Fyma is a technology company.
Fyma develops an AI-powered computer vision platform that transforms existing camera infrastructure into a sophisticated data source. The core product processes video feeds from new and legacy CCTV systems, extracting real-time insights into urban movement, occupancy rates, and human activity within the built environment. This analytical capability provides empirical measurements, offering a robust alternative to traditional data modeling and gut-feeling decision-making.
Karen K. Burns and Taavi co-founded Fyma at the end of 2019, building on their prior collaboration at an IT consultancy in Estonia. Burns, with a background in IT and business development, identified a significant gap in the commercial real estate and urban planning sectors: a lack of tangible, real-time data to inform critical decisions. This insight spurred the creation of Fyma to deliver actionable intelligence from readily available visual data.
The platform primarily serves commercial real estate developers, urban planners, and managers of large public or event spaces. Fyma’s vision is to equip these stakeholders with precise data, enabling them to optimize property value, improve operational efficiency, and create more responsive and profitable environments. The company aims to lead the transformation of data-poor industries through advanced computer vision and artificial intelligence solutions.
Fyma has raised $4.1M across 2 funding rounds.
Fyma has raised $4.1M in total across 2 funding rounds.
Fyma has raised $4.1M in total across 2 funding rounds.
Fyma's investors include Andrew Drylie, Dave Garland, Change Ventures, 7percent Ventures, Pario Ventures, Passion Capital, Martin Henk, Martin Tajur, Adam Gross, Afore Capital, Craft Ventures, Fifth Wall.
Fyma is a computer vision SaaS platform that upgrades existing cameras into data-gathering sensors for spatial analytics in commercial real estate, delivering insights on occupancy, footfall, traffic patterns, parking, and EV charging without new hardware.[1][2][3] It serves developers, owners, asset managers, and operators like gyms (e.g., David Lloyd), solving the problem of unreliable estimates by providing 10x more data points, predictive analytics for space planning, and real-time alerts—driving 5-15% revenue uplift via better strategies.[1][2] Founded in 2019 (with roots possibly in 2017 as Fyma OÜ in Estonia), the London-based company has raised $3.98M total, including a $2.08M Seed VC-III round about a year ago, and remains in active growth at Seed stage.[1][4][5]
Fyma emerged around 2019 from an urban development project needing accurate traffic counts from an existing street camera, outperforming sensors at 4x lower cost and higher variety—sparking the insight into untapped camera potential worldwide.[3] CEO and co-founder (name not specified in sources) handles business development and investor relations, complementing CTO Taavi Tammiste's eight years in applied AI; the duo built a GDPR-compliant platform from the ground up, ensuring no human faces are processed across operational, technical, and legal layers.[3] Originally VISORY and linked to Fyma OÜ founded in 2017 in Tallinn, Estonia, it evolved into a London-headquartered (107 Cheapside) analytics firm focused on commercial real estate, with early traction in projects like gym refurbishments revealing £80K CapEx impacts to de-risk larger investments.[1][2][4]
Fyma rides the AI-driven spatial analytics wave in commercial real estate, where post-pandemic hybrid work and urban density demand precise space utilization data amid rising costs.[1][2][3] Timing aligns with widespread existing camera infrastructure (e.g., CCTV, street cams) ripe for AI monetization, amplified by market forces like EV adoption (charging monitoring) and sustainability pushes for efficient built environments.[1][2] It influences the ecosystem by de-risking £600-800K investments for operators, enabling data-backed decisions over estimates, and positioning as a scalable solution for "built environment" organizations—potentially expanding to drones and the US.[2][3]
Fyma is poised to dominate camera-based spatial analytics as AI infrastructure matures, with US expansion, drone integration, and broader "built environment" adoption on the horizon—building on its seed momentum and privacy edge to capture real estate's data goldmine.[3] Trends like predictive urban planning and CapEx optimization will propel growth, evolving its influence from niche insights to essential infrastructure for smarter cities and properties. This unlocks data-driven decisions from overlooked cameras, transforming real estate from instinct to intelligence.
Fyma has raised $4.1M across 2 funding rounds. Most recently, it raised $2.1M Other Equity in November 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 13, 2023 | $2.1M Other Equity | Andrew Drylie | Dave Garland |
| Dec 1, 2020 | $2.0M Seed | Change Ventures | 7percent Ventures, Pario Ventures, Passion Capital, Martin Henk, Martin Tajur, Adam Gross, Afore Capital, Craft Ventures, Fifth Wall, FJ Labs, Foundry Group, Madrona Ventures, RRE Ventures, Scott Belsky, Second Century Ventures, Alvar Lumberg, Triin Hertmann, Debneel Mukherjee, Siim Teller, Superangel, Tiny VC |