BRITISH modeling and simulation software company Skyral announced that it has raised $20 million in a Series A funding round led by European venture capital firm NOIA Capital.
Headed jointly by co-founders and Executive Directors Jason Kennedy and Naomi Hulme, Skyral has quickly established itself as an international leader in advanced modeling and simulation technology.
What Skyral does: The firm creates strategic digital twins that model human behaviors alongside real-time and projected infrastructure systems, such as transit, power, and telecommunications networks, for entire cities and countries.
With over $100 million already invested in R&D, Skyral’s software-driven approach and cross-sector partnerships have enabled rapid market adoption across the defense, national security, healthcare, and infrastructure sectors globally.
The company has a strong track record of working with partners in the UK, US, and NATO, while successfully diversifying its services. Over 60 percent of contracts now come from both the public and private sectors.
Skyral’s mission is to help governments and businesses face significant challenges by experimenting in the virtual world before making critical decisions in the real one.
The impact of Skyral’s technology has been far-reaching. And it helped shape the requirements for the Collective Training Transformation Programme (CTTP) during a pathfinder with the British Army and has now been downselected as part of the Omnia Training consortium alongside Raytheon, Rheinmetall, Capita, and Cervus, paving the way for the next generation of collective training.
Skyral’s digital twins were deployed to tackle complex public health challenges, such as modeling the impact of COVID scenarios for the UK government during the pandemic, identifying clinical and policy pathways to reduce child stunting in Indonesia over 50x faster than conventional methods, and large-scale infrastructure programs.
How the funding will be used: This funding round follows Skyral’s rapid growth since its founding two years ago. And Skyral intends to use the new capital to expand its team, accelerate product development, and strengthen its position in key markets across Europe, North America, and Asia.
KEY QUOTES:
“This investment is a strong endorsement of both Skyral’s technology and its ability to solve complex global challenges, as well as the excellence of UK innovation. Our digital twin software is at the forefront of a new era in decision-making, where virtual models power real-world transformation.”
“With the backing of NOIA and our other investors, we are well-positioned to scale faster, deepen the capabilities of our platform, and deliver greater value to our customers worldwide.”
Nick Blair, co-founder and Chairman of Skyral
“We believe Skyral represents the next generation of AI-enabled strategic modelling and simulation technology.”
“Their unique combination of digital twin capabilities and AI-powered analytics offers transformative potential across defence, national security, healthcare and infrastructure. We’re excited to support their vision and help scale their impact globally.”
Jérôme Lhoist, partner at NOIA Capital
