Simudyne Closes $6 Million Funding Round
Summary
LONDON--( BUSINESS WIRE )--Simudyne, a simulation technology company, announced that it has closed a $6 million Series A fundraise, led by Barclays alongside a distinguished set of institutions. It will also continue to expand the application of its enterprise-ready software beyond bank stress testing, financial risk and contagion management. “We will build on our current growth trajectory by driving client acquisition within financial services while entering attractive new sectors later this year. “Partnering with high-growth fintech companies like Simudyne is core to our technology strategy,” said Andy Challis, Managing Director, Principal Investments, Barclays . Simudyne’s enterprise ready software is currently used by large financial institutions to quickly and efficiently simulate an unlimited number of future scenarios and measure their impact in a safe, virtual environment.