SimSpace Raises $39 Million for Cyber Range Platform

SimSpace has announced that it has raised 39 million for its cyber range platform, enabling organisations to test and validate their defenses in realistic cyberattack simulations. The latest funding, described as a mix of debt and equity, comes from BTG Pactual U.S. Private Credit Investments, Communitas Capital, and L2 Point Management, and will support new use cases along with global expansion. The company previously raised 45 million in a late-2023 round, bringing total disclosed funding to 70 million.

SimSpace’s platform provides a realistic replica of customers’ production environments, allowing live-fire exercises, the development and testing of AI agents and models, enhanced threat detection, and the testing and optimisation of security tools. “The cybersecurity landscape has shifted radically as adversaries are weaponizing agentic AI to perform increasingly sophisticated attacks,” said Peter Lee, CEO of SimSpace. according to SecurityWeek