SimSpace Raises $39M to Advance Cyber Readiness

SimSpace, a provider of cyber readiness platforms, has secured $39,000,000 in new investment capital from investors. This funding round underscores growing confidence in the company's technology designed to enhance organizational cybersecurity capabilities. The company operates an intelligent cyber range that enables elite teams to train, test, and validate their readiness against sophisticated threats. Utilizing AI-powered insights and high-fidelity environments, SimSpace's platform allows organizations to continuously improve their cyber readiness. This includes building adaptive, resilient defenses and refining operational processes, ensuring teams are prepared before encountering real-world adversaries. This significant capital infusion will enable SimSpace to accelerate its strategic growth initiatives. The company plans to use the funds to further develop its intelligent cyber range platform, enhancing its capabilities and expanding its market reach. The investment is intended to support product innovation and operational scaling, thereby strengthening SimSpace's ability to help enterprises mitigate risk and accelerate resilience through comprehensive readiness solutions. SimSpace’s approach combines human, technical, and procedural testing, empowering organizations to upskill analysts, optimize security tools, and meet compliance mandates. By providing a robust environment for realistic exercises, the platform helps validate controls and processes, giving enterprises the confidence to maintain operational effectiveness and fight smart. The successful closure of this funding round positions SimSpace for continued expansion and innovation within the critical cyber readiness sector. This investment is expected to bolster the company's efforts to support organizations in building stronger, more proactive cyber defenses.