Author: Tim Rose

Investors including Peter Vardy have pumped 10 million euros (£8.4m) into AI video tech firm Phyron in its latest fundraising round. Austria-based Round2 Capital, which made an initial revenue-based financing investment in Phyron in June 2023, has expanded its relationship by becoming a Phyron shareholder. And Phyron has also secured the financial backing of other investors, including AM100 motor retailer Peter Vardy, an investment which Phyron says demonstrates its strategic give attention to the UK automobile market. The Series B funding will enable Phyron, which has grown its revenue rapidly and recently opened a UK head office, to speed up development of its AI and…