Tyten, formerly known as Fixo, is at the forefront of transforming the facilities management industry through the power of artificial intelligence. With a successful investment round of £750,000, co-led by Fuel Ventures and Concrete Ventures, Tyten aims to revolutionize a global industry worth $1.4 trillion. Despite its size, facilities management has historically been underserved by AI and automation technologies.
Tyten's platform offers a comprehensive solution that addresses two primary challenges: help desk administration and on-site repair execution. By automating task allocation, subcontractor communication, and report processing, Tyten saves help desk staff significant time, allowing them to focus on more critical tasks. This efficiency translates to a reduction of two out of five working days per week.
In the field, Tyten provides technicians with step-by-step diagnostic and repair guidance, eliminating the need for cumbersome manuals. This real-time assistance enables technicians to complete tasks up to 80% faster, enhancing service quality and client satisfaction. CEO Vladimir Pushmin emphasizes, "Facilities management is the invisible backbone of every building – but the technology behind it hasn’t kept up. We built Tyten to solve that."
The strategic allocation of new capital, primarily towards engineering and product development, underscores Tyten's commitment to innovation. By expanding its technical team, Tyten is poised to meet growing customer demand and continue refining its platform.
Tyten's competitive edge lies in its deep understanding of the facilities management sector, coupled with the co-founders' expertise in energy optimization, AI, and commercial real estate. This unique blend of knowledge and experience drives Tyten's mission to redefine the industry, providing facilities management teams with the tools they need to thrive in a rapidly evolving landscape.