Tyten (formerly Fixo), the AI company for the next generation of facilities management, has secured £750,000 in investment, co-led by Fuel Ventures and Concrete Ventures, with follow-on participation from Antler.
The raise included angel investors and follows early support from industry backers. It marks an important step in Tyten’s mission to modernise the facilities management sector, a critical but often overlooked industry that keeps buildings operational across electrical, plumbing, structural and mechanical systems.
Co-founded by Vladimir Pushmin (CEO), Sergey Nasonov (CTO), and Tom Petrides (CCO) the team combines expertise in energy optimisation, AI, and commercial real estate, bringing first-hand experience to solve the pain points of facilities management teams. Under Vladimir’s leadership in company strategy, fundraising, and product direction; Sergey’s leadership in directing all technical innovation and AI development, including the personal architecture of Tyten’s core platform and infrastructure; and Tom’s success in securing Tyten’s first pilot customers, building strategic partnerships, and gearing the company up for rapid commercialisation, the company is establishing itself as a leading innovator in the UK facilities management market.
The team has spent more than 400 hours shadowing technicians and help desk teams on the ground to understand their workflows, challenges, and daily realities. This direct experience forms the foundation of Tyten’s product design philosophy, creating a solution built specifically for the unique needs of facilities management, rather than retrofitting tools built for other industries.
The UK facilities management market alone is worth £60bn, and globally the sector represents a $1.4tn industry. Despite its size, the sector has historically been underserved by tailored AI and automation tools. Tyten aims to change that.
Tyten’s AI-powered platform targets the two main bottlenecks in facilities management by automating help desk administration and supporting field technicians, managing repair requests end to end from first report to job closure by routing tasks to subcontractors, processing technician reports, identifying missing details, and following up automatically, saving help desk teams up to two out of five working days each week, while also giving technicians step by step diagnostic and repair guidance so they can work faster and more accurately, closing jobs up to 80% quicker and improving KPIs for both service providers and clients, with 70 to 80% of the new funding going into engineering and product development and rapid hiring underway across technical roles to support growing demand.
