Tyred Raises £2.5M for AI Bike Platform

London-based Tyred raised £2.5 million in funding led by Raw Ventures and Ada Ventures. The startup offers an AI-powered connected bike ownership platform with predictive maintenance, insurance, warranties, and finance services. Founded in 2022 by Lancelot Hoare, Nikita Baranov, and Daniel Bursztynski, Tyred uses IoT sensors and AI to predict breakdowns for cyclists and fleet operators.