Slingshot Simulations, a spinout from the University of Leeds which is a global pioneer in the field of ‘digital twin’ technology, has raised a further £1.5m of investment as it prepares to roll out its system to its first commercial customers.

The funding comes from existing investor NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), as well as the government’s Future Fund, and will help the business to scale its operations.