Australian start-up NYFTY.AI and its “little robot assistants” sign US investment deal after successful Suffolk Boost
Nyfty.ai chose to participate in Suffolk Boost after positive feedback after the trial. Nyfty Bots is helping solve the labor shortage problem facing the US construction industry.
– Matt Edwards – CEO and Co-Founder of Nyfty.ai
FREMANTLE, WESTERN AUSTRALIA, AUSTRALIA, December 7, 2021 /EINPresswire.com/ – Nyfty.ai, creators of powerful AI robots, used to automate construction processes, recently participated in Suffolk Technologies’ Boost Program for 2021. Nyfty was one of six startups chosen, out of more than 100, to participate in the program.
Nyfty.ai was established in Western Australia in 2018 by CEO and co-founder Matt Edwards and CTO and co-founder David Ewen. Convinced that the future is âAI Nativeâ, they decided to overcome technological hesitation by combining a completely natural AI experience with the ubiquity of SMS.
The couple are enjoying huge word of mouth success in the United States and Canada. Even without a sales team, they have thousands of daily active users, a number of impressive top clients including Suffolk Construction and Clark Builders (which is part of Turner Construction), as well as a long list of contractors. medium in size in the United States and Canada.
Suffolk Construction is an innovative construction company and one of the top 25 contractors in the United States, with annual sales of US $ 4 billion. Suffolk Construction “invests, innovates and builds”. Suffolk Technologies is their technology capital investment arm that manages Suffolk Boost.
Suffolk Boost is an annual initiative that brings together Suffolk experts, leading academics and industry professionals, as well as founders of construction tech startups. The aim of the program is to present the challenges facing the construction industry and explore breakthrough technology that can help solve them.
âNyfty is helping solve a fundamental problem facing our industry, labor shortage, by augmenting our project teams with ‘bots’ that perform tedious or mundane tasks that would otherwise be burdensome for our project teams. . said Parker Mundt, COO of Suffolk Technologies.
Kelsey Gauger, National Director of Operational Excellence at Suffolk, added: âNyfty Bots have the ability to directly contact our business partners via SMS, collect critical data points and automate the documentation of information in our software. of project management, Procore. This is a tedious reporting task that is usually handled by our project teams.
User feedback from the Suffolk project teams on the initial pilots helped secure Nyfty a much sought-after place in the Boost program. These teams, which were using Nyfty’s Manpower Bot, reported extremely high NPS, ROI, and Star ratings – Suffolk’s proprietary ranking system for technology solutions.
Kelsey, who was the Nyfty team sponsor during the program, added: âIt’s exciting to imagine other processes that could be automated by these robots and we look forward to continuing our collaboration with Nyfty after the Boost program. “
âBeing invited to participate was a great opportunity for any startup, let alone a few Australian founders. It’s a shame we couldn’t be in Boston for Demo Day, due to strict travel restrictions, but I was there virtually on a giant Surface Hub. said Matt Edwards, co-founder and CEO of Nyfty.AI. âThe collaboration has been amazing, Suffolk is a truly forward thinking organization with an openness that is extremely rare for a large company. Their sharing of data and expertise has helped us simplify our pricing and imagine new bots and features, which has been invaluable.
âIt’s very impressive that Suffolk is bringing together industry experts to share their knowledge and that senior management is so willing to spend their time getting involved and testing ideas. Matt continued, âA number of pilots have already started testing a selection of Nyfty’s Bots during the short six-week program. In fact, seeing the real benefits Bots can achieve has been impressive and having our technology adopted by Suffolk is a huge endorsement to us. “
Participation in Boost is accompanied by an investment agreement and Nyfty will integrate it into its next funding cycle, which will begin in early 2022.
Nyfty.ai, Inc. (a Delaware C Corporation) is the home of the Nyfty Bots – the little AI robot helpers for the construction industry. Combining super accessible text messaging with intelligent AI, Nyfty enables powerful automations for Procore, allowing users to focus on tasks that only humans can accomplish!
Bots communicate with users through smart text messages. They âunderstandâ the simple English or Spanish answers they receive, ask questions to fill in the gaps, identify and escalate issues that require human intervention, and then determine what data needs to go where in Procore. Every bit of data that Bots receive is transferred to Procore, where it is compiled into the reports that users rely on.
Registered in Delaware, United States
Based in Fremantle, Western Australia
Suffolk is a national company that invests, innovates and builds. Suffolk is an end-to-end company that delivers value throughout the project lifecycle by leveraging its core construction management services with vertical service lines that include real estate capital investment, design, stand-alone construction services, technology start-up investment and innovation. Research. Suffolk is a nationwide company with annual sales of $ 4.0 billion, 2,500 employees and principal offices in Boston (headquarters), New York, Miami, West Palm Beach, Tampa, Estero, Dallas, Los Angeles , San Francisco and San Diego. Suffolk serves clients in all major industrial sectors including healthcare, science and technology, education, gaming, transportation / aviation and commerce. Suffolk is a privately held company run by Founder, Chairman and CEO John Fish. Suffolk is ranked # 23 on the Engineering News Record list of “400 Best Contractors”.
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About Suffolk Technologies
Suffolk Technologies is the technology capital investment arm of the innovative Suffolk construction company. Suffolk Technologies is responsible for investing in tech startups that drive capital efficiency and productivity in the built environment. Suffolk Technologies invests in solutions throughout the building lifecycle, including real estate investment and development, architectural engineering and construction, and property management. The team works with founders of tech startups with ambitious visions that innovate in terms of business models and technologies to achieve scalable impact. Suffolk Technologies is stage independent (preference is early stage) and has supported companies ranging from pre-product to over $ 100 million in revenue.
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