Tyten raises £750K to bring AI-powered automation to the global facilities management industry

Tyten, an AI company focused on the future of facilities management, has secured £750,000 in a recent investment round. This funding, co-led by Fuel Ventures and Concrete Ventures, will enable Tyten to further develop its AI-powered platform designed to modernize and streamline operations within the global facilities management sector. This is a significant step towards integrating advanced technology into an industry historically underserved by tailored AI solutions. Tyten's platform leverages artificial intelligence to address core bottlenecks in facilities management, including help desk administration and on-site repair execution. The system automates workflows, allocates tasks, and provides technicians with diagnostic guidance. Early results show the potential to save help desk staff up to two working days per week and reduce order closure times by up to 80 percent, which can greatly improve service outcomes. The impact of Tyten's technology will be felt across the built environment, affecting both service providers and their clients. With a focus on measurable operational efficiencies, the platform targets a £60 billion market in the UK and a $1.4 trillion industry globally. By improving how repairs and maintenance are managed, Tyten is poised to redefine standards and drive innovation within the sector. The new capital will primarily support engineering and product development, as well as the expansion of Tyten's technical team. This reflects a commitment to enhancing the platform and meeting growing customer demand.