Press Release
Paris – November 12th – ENGIE NEW VENTURES (ENV), the corporate venture capital arm of ENGIE, announced today its strategic investment in Vyntelligence (Vyn). Headquartered in London, Vyntelligence is a smart voice and video notes platform to simplify and digitize data acquisition using a guided video form or ‘storyboard’. Vyn uses Artificial Intelligence (AI) to create actionable insights for the operation and the client engagement teams. In addition to the minority investment, ENGIE has forged a technical and commercial partnership with Vyn to create custom storyboards and domain specific AI models leveraging Vyn’s field intelligence capabilities and ENGIE expertise to deliver sustainability and asset performance services for ENGIE enterprise clients on their real estate portfolio and infrastructures.
With field engineers being at the core of ENGIE’s service activities, Vyns’ solution is aimed at empowering them with innovative applications. This solution will enable increased efficiency and accuracy of data capture along with an enhanced customer experience through greater visibility of field operations and asset conditions among others. Augmented intelligence in the service chain is one of the building blocks in the new business models that ENGIE is developing for the upgrade, operations and maintenance of sustainable buildings.
“Our investment in Vyntelligence aligns with ENGIE's strategy to digitize our activities by adopting innovative solutions across our various energy service businesses. Rich data collection and application of AI techniques will enable use cases in predictive services and intervention that can add substantial value across clients and assets”
Hendrik Van Asbroeck, Managing Director of ENGIE New Ventures
With this investment and access to ENGIE’s customers, Vyn aims to expand its product offerings and reach a larger market of commercial customers.
“ENGIE’s leadership in applying digital tools to its service industry activities makes it an ideal partner as we move into this next phase of growth. Our clients across telecoms, manufacturing, utilities and service sectors have found Vyntelligence saves cost, increases revenue and enhances customer experience with simple and fast changes to their field workflows. As we look to grow and enter new markets, this investment and strategic partnership accelerates our efforts to deliver a robust platform and develop an ever-expanding list of services across different industries.”
Kapil Singhal, CEO of Vyntelligence.
About ENGIE New Ventures
ENGIE New Ventures (ENV) is the corporate venture arm of ENGIE, the global energy and services provider. ENGIE is committed to lead the energy revolution, towards a more decarbonized, decentralized and digitized world. ENV is a €180 million fund focused on making minority investments in high-performing startups. ENV has deployed €121 million of capital across 24 investments. Portfolio companies include: Homebiogas, Gogoro, kWh Analytics, Opus One Solutions, Kiwipower, Sigfox, Redaptive and Vyntelligence. ENV’s offices are located in Paris, Singapore, Tel Aviv and San Francisco.
About Vyntelligence
Vyntelligence enables digital transformation of paper & form based field processes with its patented & AI powered SmartVideoNotes technology and has already delivered proven results for large clients in the telecom, manufacturing, utilities and service industries.
Vyntelligence combines industry-leading digital and AI technologies with human, visual and verbal data from everyday field activities. A mobile-first solution, Vyn is up-skilling every single worker in the field to use digital technology and share with pride, their job completion, remote audit or site survey video notes guided by automated ‘Vyn prompts’. Using state-of-the-art AI, machine learning and intent spotting algorithms, Vyntelligence clients benefit from smart recommendations, to better plan the next actions, all underpinned with enterprise-grade security. The Vyn SmartVideoNotes technology has been granted US patents for Smart Data Capture, Ranking and Delivery of Insights.
Vyn and Vyntelligence are registered trademarks of human Learning Ltd. The company is headquartered in London, England. For more information, please visit https://vyntelligence.com.
