SimSpace Scores $39M to Supercharge Cyber Defense with AI-Powered Attack Simulations
SimSpace has raised $39 million to boost its cyber range platform, where organizations can battle-test their defenses without getting their keyboards dirty. With backing from BTG Pactual and others, SimSpace is gearing up for global expansion, proving that in the cyber world, practice makes perfect—and sometimes profitable.
Hot Take:
SimSpace is playing the cybersecurity game on “Extreme” mode with its new $39 million power-up! With villains now powered by AI, the company’s cyber range platform is here to save the day by putting defenses to the ultimate test. Who knew cyber warfare could be this exciting… or profitable?
Key Points:
- SimSpace raises $39 million for its cyber range platform.
- The funding is a mix of debt and equity from BTG Pactual U.S. Private Credit Investments, Communitas Capital, and L2 Point Management.
- Funds will be used for global expansion and developing new use cases.
- SimSpace’s platform offers realistic cyberattack simulations for organizations.
- The company’s total funding now reaches a whopping $109 million.
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