British software company Skyral has raised $20 million in a Series A funding round led by European venture capital firm NOIA Capital, marking a major step forward in the field of simulation technology. Founded just two years ago, Skyral specialises in digital twins that replicate real-world behaviours and infrastructure systems across sectors including transport, energy and telecommunications.
Co-founders Jason Kennedy and Naomi Hulme have overseen more than $100 million in research and development spending, securing contracts in defence, national security and healthcare. Over 60 per cent of the firm’s deals now span both public and private sectors, a sharp expansion from its original remit.
Skyral's simulation tools played a key role during the COVID-19 pandemic, modelling scenarios to help inform UK Government policy. The company is also involved in the Collective Training Transformation Programme with the British Army and partners including Raytheon and Rheinmetall, as part of the Omnia Training consortium. The initiative aims to modernise military training through advanced simulation.
The latest investment will support team growth, product development and international expansion in Europe, North America and Asia. “This investment is a strong endorsement of both Skyral’s technology and its ability to solve complex global challenges,” said Nick Blair, Co-founder and Chairman. He described the firm’s digital twin software as “at the forefront of a new decision-making era.”
Jérôme Lhoist, partner at NOIA Capital, said Skyral combines digital twin expertise with AI-powered analytics. “Their transformative potential across defence, national security, healthcare and infrastructure is exciting,” he said.
Kennedy highlighted the need for a systems-based approach to urban planning, integrating multiple models to guide development strategies. As urban environments grow more complex, traditional modelling techniques often fall short, prompting a shift towards more sophisticated simulation tools.
Skyral’s work includes pandemic support for the UK Government and contributions to urban planning reforms. By linking sectors through digital twins, the company aims to enhance understanding of complex systems and support better decision-making.
With fresh capital, Skyral is set to expand its influence in simulation technology, promising operational improvements and strategic insight in tackling today’s interconnected global challenges.
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