SimSpace Secures $39M in Debt and Equity Funding

Why It Matters

The infusion of capital enables SimSpace to scale its cyber‑range offering amid heightened corporate focus on cyber resilience, positioning the firm to capture a larger share of the expanding cybersecurity training market.

Deal Summary

Boston-based cyber range provider SimSpace announced a $39 million financing round that combines debt and equity. New investors BTG Pactual U.S. Private Credit Investments and Communitas Capital joined existing backer L2 Point Management, with proceeds earmarked for global expansion.