SimSpace introduced on Tuesday that it has raised $39 million for its cyber vary platform, which permits organizations to check and validate their defenses in life like cyberattack simulations.
The most recent funding, a mix of debt and fairness, comes from BTG Pactual U.S. Personal Credit score Investments, Communitas Capital, and L2 Level Administration. The cash will likely be used for brand new use instances and for the corporate’s international enlargement.
SimSpace beforehand raised $45 million in a funding spherical introduced in late 2023, which had introduced the overall raised by the agency to $70 million.
The corporate’s cyber vary offers a sensible duplicate of consumers’ manufacturing environments, enabling them to conduct live-fire workout routines, develop and check AI brokers and fashions, improve menace detection, and check and optimize safety instruments.
“The cybersecurity panorama has shifted radically as adversaries are weaponizing agentic AI to carry out more and more refined assaults,” stated Peter Lee, CEO of SimSpace.
“Counting on annual capture-the-flags and conventional compliance programs to coach and certify your safety groups is nowhere close to sufficient. It’s time to arrange groups in a sensible, clever cyber vary the place they’ll check their preparedness in opposition to live-fire assaults and validate their agentic workflows,” Lee added.
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