Slingshot Simulations

Slingshot Simulations, a spin-out from the University of Leeds, has developed a digital twin tool to virtually model physical assets and processors. Its proprietary enterprise solution Compass: Engine automates data analytics from various sources to provide insights, visualizations, and simulations to understand the behavior of assets, thereby enabling the creation of a closed loop digital twin. It also allows companies to test processes and to strategically plan their activities. The company claims its platform can save 80% of the time taken to link data to generate a digital twin.

The company is offering its tool in three packages: 1) Community, which is offered free of charge and has up to five users, 2) Standard, offered at USD 12 (GBP 10) per month with 10 users, and 3) Premium offered at USD 24 (GBP 20) per month with 25 users.  

Key customers and partnerships

In January 2021, the company was part of the Yorkshire Geospatial Twin partnership along with engineering company Arup, BT Group, and city councils. This was a 12-week project to generate a digital twin to improve the transport network across three cities, mainly Leeds, York, and Hull city councils. 

Funding and financials

In January 2023, the company raised USD 3.6 million (GBP 3 million) via a Series A funding round. The funds were earmarked to expand its customer base for its Compass platform.