Cyber Firm Simspace Secures $45 Million In Funding From L2 Point Management To Fuel Continued Growth
Cyber Firm Simspace Secures $45 Million In Funding From L2 Point Management To Fuel Continued Growth
12/19/23, 1:45 PM
Location
bostonMoney raised
$45 million
Industry
network security
cyber security
information technology
Investors
Sim Space, L2 Point Management
SimSpace, a US-based market leader in military-grade cybersecurity, today announced that it has closed a $45 million equity raise led by L2 Point Management, a private investment firm specializing in flexible capital solutions for growth companies. This investment brings the total capital raised by SimSpace over the past year to $70 million and will support the company's continued growth trajectory, including its expansion into new geographies.
Company Info
Location
boston, massachusetts, united states
Additional Info
SimSpace is the global leader in military-grade cyber ranges, founded by experts from U.S. Cyber Command and MIT's Lincoln Laboratory to respond to a new era of unprecedented cyber threats. The company's Cyber Force Platform enables the most sophisticated enterprises, governments, and critical national infrastructure organizations to find intelligence-driven answers to the most vexing security, governance, training, and cyber readiness questions. SimSpace's Cyber Force Platform results in an average reduction in cyber operational costs of 30% and a 40% reduction in breaches.