About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Simudyne Closes $6M Series A Funding Round with Plans to Expand

Subscribe to our newsletter

Simulation technology specialist Simudyne has closed a $6 million Series A fundraising led by Barclays. The new funds will help Simudyne to continue to interact with the financial services sector while expanding the applications of its enterprise-ready software beyond bank stress testing, financial risk and contagion management.

Simudyne’s solutions assist organisations to harness the power of agent-based modelling, AI, and machine learning to test drive their decisions and drive growth. Leveraging agent-based simulation, the firm’s technology enables clients to simulate millions of scenarios to test drive their decisions and fail without consequences in order to gain insight.

Already in use at Barclays and in other large financial institutions, the firm claims to have seen a 600% increase in revenue in 2018, following the acquisition of new banking clients. It plans to use the funding to expand its team as it seeks to enter new areas such as market execution, anti-money laundering and fraud.

“We expect simulation will be a multi-billion-dollar market within the next five years and we will be positioned to capitalise on that opportunity,” says CEO Justin Lyon. “With simulation, traders can generate effective synthetic trade data, account for adaptive trading strategies, optimise their algorithms against buy-side policies, test against stressed scenarios, and demonstrate transparency and proper governance to regulators.”

Graphene Ventures and Gauss Ventures joined Barclays in the funding round.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

Implementing Events-based Trading and Prediction Markets

By Jon Light, Senior Director of Product Management at Devexperts. The current surging interest in prediction markets is leading to a general reevaluation of this type of trading, with many financial services firms now questioning whether to offer events-based trading to their own users. To date, several high-profile firms have moved to incorporate prediction markets...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Regulatory Reporting Handbook – First Edition

Welcome to the inaugural edition of A-Team Group’s Regulatory Reporting Handbook, a comprehensive guide to reporting obligations that must be fulfilled by financial institutions on a global basis. The handbook reviews not only the current state of play within the regulatory reporting space, but also looks ahead to identify how institutions should be preparing for...