Skyral, a UK-based startup specializing in AI-enabled digital twin technology for modelling and simulation, has successfully raised $20 million in Series A funding. The round was led by NOIA Capital, in partnership with Accrete Capital, and will fuel Skyral's expansion into new markets across North America, Europe, and Asia. The company's platform allows users to simulate complex systems, enabling better decision-making in sectors such as defense, national security, healthcare, and infrastructure.
Skyral's technology combines digital twin modelling with artificial intelligence to create virtual representations of real-world systems. This allows clients, including those in the public and private sectors, to test policy outcomes and investment strategies before implementation, leading to more informed and effective decisions. The company has already demonstrated success with clients across NATO, the UK Ministry of Defence, and various international partners.
The $20 million investment will be used to expand Skyral's team, enhance product development, and accelerate its global market penetration. This funding round represents a significant milestone for Skyral, validating its innovative technology and its potential to address complex global challenges. The company's dual focus on public and private sector engagements positions it for substantial growth in the rapidly expanding modelling and simulation market.
