The digital twin pioneer raised the capital from existing backer Mercia and the government Future Fund to prepare for commercial launch.
"David and his team have won international recognition for their work and their platform opens up new possibilities for businesses in areas such as construction, transport and logistics, product development and manufacturing. We are pleased to be able to fund them once again to help them launch their product into the market."
Northstar Ventures and angel investors back Durham information security software provider.
"According to IBM, the average cost of a data breach in 2020 was £2.9 million. Yet most businesses are left with inefficient, costly and paper-heavy manual processes to manage this risk."
Smedvig Capital led the Series A round with participation from Guy Hands and 24 Haymarket.
"This funding round will facilitate our strategic objective of being a leading primary research platform for the private equity and consulting sectors."