4 years ago

Leeds Tech Startup Slingshot Simulations Raises £1.5M for Digital Twin Expansion

  • Slingshot Simulations, a University of Leeds spin-out, has secured £1.5 million in funding to scale its operations and rollout its digital twin technology to commercial customers

  • The investment round was led by existing investor NPIF - Mercia Equity Finance, managed by Mercia, and included the UK government's Future Fund

  • Slingshot Simulations' digital twin technology allows businesses to create virtual models of objects, locations, or buildings to test new ideas and optimize processes

  • The company has garnered interest from nearly 100 potential customers, including local authorities and construction firms from the US and Canada.

      • ProblemTechnology

      "Traffic congestion and air pollution are major problems in cities, leading to wasted time, health issues, and environmental damage."

      Solution

      "Slingshot Simulations offers a digital twin platform that allows businesses and cities to create virtual models of their infrastructure. This enables them to simulate different scenarios, such as traffic flow or pollution dispersal, and identify optimal solutions for reducing congestion and improving air quality."

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