The Bulgarian tech start-up MYX successfully completed its first-round funding to further aid its future growth via issuing a 350,000-euro convertible debt.
3P1, an AG Capital group company, contributed 150,000 euro in line with its strategy for investing in innovative proptech companies.
MYX will use this funding to expand its team and accelerate the growth of its AI-powered digital twin R&D platform.
The company is focused on generating highly accurate digital representations of physical assets called ‘digital twins’ and overlaying them with AI-powered analytics. Its MYX’s solutions are geared towards industries with large-scale asset networks, where they can add significant value in terms of automating and digitalizing the oversight, management and maintenance activities of these assets.