Simudyne offers enterprise-ready simulation software that uses agent-based modelling, AI and machine learning to let clients test decisions across millions of scenarios. Its platform is used by large financial institutions for bank stress testing, financial risk and contagion management, and the company is expanding into market execution and anti-money laundering applications. Simudyne reported a 600% year-on-year revenue increase in 2018 after adding new global banking clients. The team has grown to 30 staff, including six PhDs with expertise in market simulation, fraud detection and risk management. The new funds are intended to support hiring world-class talent and accelerate engagement with the financial services sector. Total capital raised since the company was formed is $10 million.

Total raised

$6M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2019