SimSpace raises $45M to simulate tech stacks for cyber training

SimSpace, a provider of high-fidelity cyber range platforms for cybersecurity training and tool validation, raised $45 million led by L2 Point Management, bringing its total funding to $70 million. The company, founded by former U.S. Cyber Command and MIT Lincoln Lab leaders, reports it is nearing $50 million ARR for FY2023 and expanding across private-sector clients alongside contracts with U.S. Cyber Command, the FBI, and allied national cyber defense teams. The investment will support profitable growth, modest headcount expansion, and continued development of its military-grade capabilities.