Cybersecurity firm SimSpace has secured $45 million in funding from L2 Point Management to fuel its continued growth. The investment brings SimSpace’s total capital raised over the past year to $70 million and will support the company’s continued growth.
SimSpace specializes in providing military-grade cybersecurity solutions to enterprises and national governments, helping them withstand and recover from sophisticated cyber-attacks. With cyber threats on the rise, SimSpace’s funding will enable the company to enter new geographies and accelerate customer acquisition.
SimSpace’s Cyber Force platform offers advanced training and stress-testing capabilities for defensive tools and cyber teams. It provides data-driven performance metrics that help finance teams make cost reduction decisions and enable disclosure teams to practice severe incident response. The funding from L2 Point Management will allow SimSpace to further invest in its military-grade capabilities and serve an increasingly diverse and advanced customer base.
