Connect with us

Technology

FYLD Secures $10 Million in Financing from NatWest

Published

on

Ahead of its Series B investment round, the funds will accelerate growth opportunities and expansion for the AI-powered fieldwork software

DENVER, Oct. 30, 2024 /PRNewswire/ — FYLD, the AI-powered, fieldwork effectiveness platform for the global infrastructure sector announced today that NatWest, one of the UK’s largest business and commercial banks, has provided $10 million of growth capital to FYLD. The long-term banking partnership will enable expedited investments and continued growth across markets, especially as FYLD scales past the development stage.

“NatWest’s confidence in us and our market-leading product confirms that our vision is necessary to reinvent field workforce execution across the industry,” Shelley Copsey, FYLD’s CEO and co-founder, said. “This investment will be instrumental in our ability to drive change where it’s most needed, as we focus on our U.S. expansion, strengthen our position in the market as we set the stage for our next era of growth, and pave the way toward a more proactive, efficient field workforce.”

NatWest serves more than 19 million people, families, and businesses across the UK and Ireland. Positioning itself as a “relationship bank for a digital world” – NatWest focuses on championing potential and driving change for its communities in enterprise, learning, and climate, focusing on the people and communities who have traditionally faced the highest barriers to entry and figuring out ways to remove these obstacles.

Simon Foss, Vice President, Venture & Growth Finance, at NatWest said “This transaction showcases NatWest’s dedication to supporting innovative scale-up businesses, like FYLD, where we aim to build long-lasting partnerships with businesses that are driving innovation and making an invaluable contribution to the growth of the economy. Our financing will support the further expansion of FYLD’s transformational fieldwork software which promotes better safety behaviors and increases productivity and high-quality outcomes through AI-enhanced workflows.”

As FYLD nears its fifth anniversary, the industry leader is on track to double its revenue in 2024 with strong gross and net revenue rates, along with:

Raising a £32 million Series A funding round from 2021 to 2023 led by Koru, the Ontario Teachers’ Pension Plan’s venture incubator with participation from SGN, to take the platform globalSecuring awards and recognitions including Tech Nation’s Future Fifty, The Energy Innovation Council, CEMEX Ventures Global Construction Startup Competition, and the UK IT AwardsValuing diversity in hiring, with 45% of the FYLD team being women

To learn more about FYLD and how it is reimagining the future of fieldwork, visit: https://fyld.ai/.

About FYLD
Founded in 2020, FYLD offers an AI-driven digital platform that empowers field managers to make proactive, data-led decisions in real time and transform operational processes and procedures with data. A unique collaboration between SGN, Boston Consulting Group’s BCG X and Ontario Teachers’ Pension Plan (OTPP) FYLD is redefining the execution of field workforce operations in the infrastructure sector globally. Recognized as a breakthrough platform with awards from the Energy Innovation Council, CEMEX Ventures global construction tech startup competition and UK IT Awards, FYLD is ushering in a new era for productivity, safety, quality and sustainability in the field. Visit https://www.fyld.ai/ for more.

About NatWest Bank plc, Venture & Growth Finance
NatWest Venture & Growth Finance supports UK innovators, from high growth B2B software to research-intensive IP-rich scale-ups, with non-dilutive and flexible funding plans to accelerate growth. The proposition is part of NatWest Bank Plc, one of the UK’s largest retail and commercial banks, sitting within NatWest’s Corporates & Institutions division which is a major backer of global technology, media and telecom (TMT) companies, providing a full suite of lending and broader banking services. Visit Venture & Growth Finance | NatWest Corporates and Institutions for more.

Media Contact
Caroline Phipps
Carve Communications
caroline@carvecomms.com

View original content:https://www.prnewswire.co.uk/news-releases/fyld-secures-10-million-in-financing-from-natwest-302290910.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Dreame Unveils PowerSight 40V Series at DREAME NEXT Launch Event 2026: Smart Display, Stable Power, Eco-Friendly Garden Care

Published

on

By

SAN FRANCISCO, April 28, 2026 /PRNewswire/ — Dreame Technology, a global leader in high-end consumer electronics and intelligent manufacturing, has kicked off its highly anticipated DREAME NEXT launch event at the iconic Palace of Fine Arts, running from April 27 to 30, 2026. The centerpiece of the showcase includes the PowerSight™ 40V cordless yard tool series, which is currently available for live demonstrations, with the official global unveiling scheduled for the afternoon of April 28.

As a highly anticipated cross-industry feast attracting global attention from the tech community, the event has gathered numerous renowned scientists and leaders in the technology field. Thousands of guests from more than 50 countries and regions around the world have converged at this iconic venue, including senior industry experts, global core distributors, international mainstream media, and key opinion leaders (KOLs). Beyond these distinguished guests, the event has also drawn significant attention from technology enthusiasts, industry professionals, and eco-conscious homeowners alike, who have flocked to the Palace of Fine Arts to experience Dreame’s latest innovation firsthand. Throughout the first day, Dreame’s team has engaged in extensive one-on-one conversations with visitors, demonstrating the full capabilities of the PowerSight™ 40V lineup, including the chainsaw, 21-inch lawn mower, leaf blower, hedge trimmer, string trimmer, and solar charger.

The official presentation on April 28 will focus on three core technological innovations that set the PowerSight™ 40V series apart:

SyncCore™ Brushless Motor Technology: Delivering competitive power-to-weight ratio with minimal energy loss, ensuring longer runtime and quieter operation compared to traditional motors.Dual-Channel Communication BMS: Enabling instant, lossless communication between battery and tool for stable power delivery, real-time monitoring of voltage, current and temperature, and enhanced safety protection.PowerSight™ Intelligent Display: Providing users with intuitive access to battery level, runtime estimates, and performance metrics, revolutionizing how homeowners interact with their yard tools.

Dreame’s commitment to sustainability is evident throughout the series, with optimized design and enhanced transmission that boost energy efficiency measurably, delivering longer runtime per charge. The system also supports solar charging, allowing users to work with one battery while charging the other with clean, renewable energy—an innovative feature that has resonated strongly with environmentally conscious attendees.

This efficient, cost-saving system represents a great advancement in the field of cordless outdoor equipment, offering a practical, eco-friendly solution for modern garden care needs.

Following the official unveiling, the PowerSight™ 40V series will be available for pre-order, with global availability across major markets expected in the coming months. Detailed pricing and regional availability will be announced later.

About Dreame Technology

Established in 2017, Dreame Technology is a global leader in high-end consumer electronics and intelligent manufacturing with the vision to empower lives through technology. Follow us on Facebook, Instagram, TikTok and Twitter. For more information, visit https://global.dreametech.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dreame-unveils-powersight-40v-series-at-dreame-next-launch-event-2026-smart-display-stable-power-eco-friendly-garden-care-302753597.html

SOURCE Dreame Technology

Continue Reading

Technology

Wilbur Labs 2026 Startup Failure Report Reveals AI Is the Top Threat for Half of Startup Founders

Published

on

By

MIAMI, April 28, 2026 /PRNewswire/ — Today, Wilbur Labs released their 2026 Report on Startup Failure, showing half of founders (50%) identified technological disruption, including AI, as the top threat to their company. Additionally, 59% of founders said they are concerned about their business surviving the next 12 months.

Click here for more information: https://www.wilburlabs.com/blueprints/why-startups-fail

Startup success stories often dominate headlines, but the reality of entrepreneurship is far less predictable. 81% of founders said their company pivoted from its original idea at least once, while 42% said they wish they had pivoted sooner.

“Startups rarely fail because founders lack ambition or intelligence,” said Phil Santoro, Co-Founder of Wilbur Labs. “More often, early assumptions about the market or product turn out to be wrong. The founders who succeed recognize those signals early and adapt.”

Product-market fit remains the biggest challenge
More than half of founders (54%) said their most important lesson from failure was the need to better understand product-market fit. Additionally, 44% cited product or technology issues as the primary cause of failure, and 25% cited running out of money (down from 38% in 2023).

“Even with AI making it easier to iterate than ever, product-market fit is still the foundation of every successful company,” said David Kolodny, Co-Founder of Wilbur Labs. “When founders get that right, a lot of other problems become manageable. When they don’t, challenges like competition, product issues, and capital constraints inevitably follow.”

The human cost of entrepreneurship
Beyond strategy, founders report significant personal strain. Nearly 9 in 10 (90%) said they experienced stress or burnout severe enough to make them consider quitting, while 87% said building a company was lonelier than expected.

Despite these challenges, resilience remains strong. More than 4 in 5 (81%) founders who experienced failure said they would start another company, with 31% motivated to do so immediately.

“Failure is rarely the end of the story. For most entrepreneurs, it’s actually the beginning of the next chapter,” Kolodny said.

Methodology
This study was designed and conducted by Wilbur Labs as part of ongoing research into startup failure and founder experiences. Wilbur Labs engaged Wakefield Research to assist with survey administration. The survey was made up of 200 U.S. tech founders between February 3-12, 2026, via email and online questionnaire. The margin of error is ±6.9 percentage points at the 95% confidence level.

About Wilbur Labs
Wilbur Labs is a startup studio that turns bold ideas into market-leading companies. The studio identifies unsolved customer problems, researches solutions, and builds or invests in companies to solve them. Visit www.wilburlabs.com for more information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wilbur-labs-2026-startup-failure-report-reveals-ai-is-the-top-threat-for-half-of-startup-founders-302755951.html

SOURCE Wilbur Labs

Continue Reading

Technology

Aligned Fitness Expands Beyond Southeast With Acquisition of Six Club Pilates Studios in Ohio

Published

on

By

ATLANTA, April 28, 2026 /PRNewswire/ — Aligned Fitness Holdings, a leading franchisee of Club Pilates, has acquired CAM Pilates, a Columbus, Ohio-based franchisee operating six top-performing studios. The transaction expands its total footprint to 55 studios.

The acquisition broadens Aligned Fitness’ geographic reach beyond its established base in the Southeastern United States, where it has locations in North Carolina, Georgia and South Carolina, positioning the company for continued growth across the region and the Mid-Atlantic. By entering the Columbus market, the firm gains access to a high-demand, high-growth metro area while creating additional opportunities for new studio development.

CAM Pilates was founded and operated by Caitlin McTigue and Jason Tomany, widely respected franchisees known for building high-performing studios and a strong culture. Aligned Fitness plans to work closely with the existing team to maintain operational excellence while expanding access to Pilates across the region.

“This acquisition represents a natural extension of our strategy to partner with best-in-class operators in markets where we can build density and scale,” said Jon Smith, chief executive officer of Aligned Fitness Holdings. “Caitlin and Jason have built exceptional studios with a strong community focus, and we are excited to work alongside their team to continue delivering the benefits of Pilates to more people. Entering Columbus also demonstrates that our platform can successfully expand beyond our Southeastern roots into new, high-quality markets.”

Aligned Fitness has grown through a combination of new studio development and targeted acquisitions, focusing on premier franchisees in attractive markets. The addition of CAM Pilates reinforces the company’s position as an emerging multi-state platform in boutique fitness.

The broader boutique fitness industry continues to experience strong momentum, driven by consumer demand for personalized, community-oriented experiences. According to Allied Market Research, the global Pilates and yoga studios market is projected to reach $521 billion by 2035, reflecting a compound annual growth rate of 14.3 percent.

Aligned Fitness will continue to pursue strategic acquisitions and organic growth opportunities to expand its footprint and bring Pilates to more communities across its target regions.

Media contact
Thornton Kennedy
E | thornton@prsouth.net
C | 404 210 0363

View original content:https://www.prnewswire.com/news-releases/aligned-fitness-expands-beyond-southeast-with-acquisition-of-six-club-pilates-studios-in-ohio-302755988.html

SOURCE Eagle Merchant Partners

Continue Reading

Trending