Simudyne, a simulation technology company, has closed $6 million Series A fundraising led by Barclays and including Graphene Ventures, an early investor in Snap and Lyft, and Gauss Ventures, an early investor in Revolut and Tandem, bringing total capital raised since Simudyne was formed to $10 million. The new funds will help Simudyne continue to invest in talent and accelerate its engagement with the financial services sector. It will also expand the application of its enterprise-ready software beyond bank stress testing, financial risk and contagion management, to applications including market execution and anti-money laundering.
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