New-York based Energy Impact Partners, or EIP, led the Series B funding round, which also included Europe-based growth equity firm Partech through its Growth Impact Fund.
The company, launched in 2020, raised $10 million in late 2024.
Total funding stands at $79.5 million, CEO and co-founder Shelley Copsey told Government Technology via email.
FYLD describes itself as an “AI-powered frontline intelligence platform for the global infrastructure sector.”
The company’s tech can analyze short videos captured by utility and infrastructure field workers, highlighting potential “safety, quality and delivery risks before they escalate,” according to a statement.
That gives managers more visibility into the jobs without having to visit sites, with every action “automatically documented for compliance and audit purposes,” according to the statement.
The new capital will help FYLD scale its presence in the U.S. and work with public agencies more closely, Copsey said.
“Specifically, it lets us move field operations from reactive oversight to proactive, real-time intelligence — identifying issues like leakage, material failures or weather-driven risk early enough to intervene,” she said.
Copsey painted a picture of state and local agencies “under intense public scrutiny to deliver large-scale infrastructure projects predictably,” and that’s an opportunity for FYLD, with the company’s tools able to give more precise insights into the progress of projects, including issues related to budgets and safety.
Such desires promise to build in the coming years, potentially paving the way for more public-sector-related business for FYLD.
“As pressures from urbanization, energy demand and climate volatility increase, agencies need a more reliable operating model for delivering them,” Copsey said. “This funding accelerates our ability to support that shift at scale.”
Data centers — an increasingly controversial form of infrastructure, but one vital to the growth of AI in the public and private sectors — also could play a role in FYLD’s plans for growth.
“The data center boom and other demand drivers result in massive build-out of energy infrastructure,” said Matthias Dill, EIP’s Managing Partner for Europe, in a statement. “This requires new levels of productivity and safety for fieldworkers. FYLD is making this possible through their video-based AI tools that uplift fieldworker capacity and safety and provide direct ROI.”
Areas with strong population growth and the need for more roads and utilities, along with places with aging infrastructure, stand as some of the more attractive openings for FYLD when it comes to working with the public sector, Copsey said.
About 80 percent of the company’s revenue stems from government business, she added. She highlighted FYLD’s work with the North Carolina Department of Transportation as an example of what the company hopes to do in more markets.
“Together, we strengthened safety and enhanced the overall user experience,” she said. “The results of our cross-functional collaboration, spanning frontline crews to leadership, show that when technology is built and deployed alongside the people who use it, you deliver true impact.”
