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Estonian start-up Fyma secures 1.4 million euros to turn CCTV cameras into AI-powered motion analytics sensors.
Estonian computer vision start-up Fyma (formerly known as Visory), has announced the closure of a 1.8 million US dollars (1.4 million euros) seed round led by Change Ventures. Other investors including 7 Percent, Decacorn, Lemonade Stand, Tiny VC, existing investor Superangel, and a number of angel investors including two former TransferWise executives – also participated in the round.
The new funding brings the total raised by Fyma to date to 1.7 million euros.
Unused data
Founded in 2019, Fyma’s mission is to enable businesses and institutions to make better strategic decisions by turning conventional cameras into sensors. The company’s SaaS (software as a service) platform analyses data from live video feeds, enabling clients to understand and contextualise patterns of movement in individuals such as pedestrians and shoppers. The software can also be used wit
Robert Scammell 17th December 2020 (Last Updated December 17th, 2020 17:13)
Fyma
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Estonia-based computer vision startup Fyma has secured $1.8m in seed funding to double its headcount and launch new pilot programmes for its software, which can turn any CCTV camera into a sensor for gathering real-time data.
Change Ventures led the funding round with participation from 7 Percent, Decacorn, Lemonade Stand, Tiny VC and existing investor Superangel.
Angel investors, including two former TransferWise executives, also contributed funds.
It brings Fyma’s total funding raised to date to $2.1m.
The Tallinn-headquartered startup says its computer vision platform can provide useful insights for businesses from existing security cameras.