Data start-up Slingshot Simulations has closed a £3m Series A funding round with the backing of Northern Gritstone, Mercia and the Northern Powerhouse Investment Fund.
The firm, which describes itself as a "decision intelligence" specialist, was founded in 2019 by Dr David McKee and is based at Leeds University's Nexus office and co-working space. It provides modelling, simulation and data science services to businesses.
The investment will used to develop its Compass: Engine SaaS platform for small and medium-sized businesses. The platform helps firms make sense of large volumes of complex, disconnected data and make visualisations to help decision making. Slingshot hopes it will support firms' drive for sustainability.
