Roland Ratzenberger was scheduled to drive the second car for the first five races, as he only had funding for the first part of the season, but his death at Imola the day before 3-time World Champion Ayrton Senna meant other drivers had to step in.

Andrea Montermini was involved in a very serious accident at his very first race with the team in the Spanish Grand Prix practice session.

The Simtek S941 did not score any points in its debut season; Jean-Marc Gounon marked the team's highest finish with ninth at the French Grand Prix, although he was four laps down on the leader.

After the San Marino, the team decided to continue racing with the top of the airbox bearing the Austrian flag with the words "For Roland" in tribute to Ratzenberger.

During 1994 Japanese Grand Prix, Simtek received a new sponsorship from South Korean airline giants Korean Air and thus marked for the first time South Korea sponsorship involved in the sport as well as boosting Formula One's popularity in the country.