About SimSpace
SimSpace is a company based in Boston (United States) founded in 2015 by William Hutchison and Lee Rossey.. SimSpace has raised $84 million across 5 funding rounds from investors including L2 Point, Revtek Capital and Wells Fargo Startup Accelerator. SimSpace has completed 1 acquisition, including L2 Point. SimSpace offers products and services including SimSpace Platform, Training Exercises, and Threat Intelligence. SimSpace operates in a competitive market with competitors including Cymulate, Cyberbit, Picus Security, SafeBreach and SCYTHE, among others.
- Headquarter Boston, United States
- Founders William Hutchison, Lee Rossey
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Simspace Corporation
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Products & Services of SimSpace
SimSpace offers a comprehensive portfolio of products and services, including SimSpace Platform, Training Exercises, and Threat Intelligence. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for immersive training and threat simulations
Tools for cyber team readiness and performance benchmarking
Services for understanding and mitigating adversary tactics
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Funding Insights of SimSpace
SimSpace has successfully raised a total of $84M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2025 | Amount | Debt – Conventional - SimSpace | Valuation |
investors |
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| Oct, 2025 | Amount | Series A - SimSpace | Valuation |
investors |
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| Dec, 2023 | Amount | Series A - SimSpace | Valuation | L2 Point |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SimSpace
SimSpace has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include L2 Point, Revtek Capital and Wells Fargo Startup Accelerator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Late-stage businesses are invested in by this private equity fund.
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Founded Year | Domain | Location | |
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Fintech startups are accelerated via a 6-month investment program.
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Investments in fintech startups are managed by Communitas Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SimSpace
SimSpace has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include L2 Point. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Late-stage businesses are invested in by this private equity fund.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SimSpace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Simspace Comparisons
Competitors of SimSpace
SimSpace operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cymulate, Cyberbit, Picus Security, SafeBreach and SCYTHE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based cyber-range solutions are offered for IT security assessments.
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| domain | founded_year | HQ Location |
Cloud-based cyber range platform is offered for cybersecurity training.
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| domain | founded_year | HQ Location |
Vulnerability assessment solutions for production security systems are provided.
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| domain | founded_year | HQ Location |
Vulnerability assessment and breach prevention solutions are offered through simulations.
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| domain | founded_year | HQ Location |
Adversary emulation platform provided for vulnerability assessment.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Simspace
Frequently Asked Questions about SimSpace
When was SimSpace founded?
SimSpace was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is SimSpace located?
SimSpace is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of SimSpace?
William Hutchison is the current CEO of SimSpace. They have also founded this company.
Is SimSpace a funded company?
SimSpace is a funded company, having raised a total of $84M across 5 funding rounds to date. The company's 1st funding round was a Series A of $45M, raised on Oct 23, 2017.
What does SimSpace do?
SimSpace was founded in 2015 in Boston, United States, within the cybersecurity sector. Operations focus on cyber ranges and emulation techniques developed by experts from US Cyber Command and MITs Lincoln Laboratory. Services include training exercises, attack simulations, mission rehearsals, and product evaluations. Quantitative insights are delivered to assess protection of critical assets against cyber threats.
Who are the top competitors of SimSpace?
SimSpace's top competitors include Cyberbit, Cymulate and SafeBreach.
What products or services does SimSpace offer?
SimSpace offers SimSpace Platform, Training Exercises, and Threat Intelligence.
How many acquisitions has SimSpace made?
SimSpace has made 1 acquisition, including L2 Point.
Who are SimSpace's investors?
SimSpace has 5 investors. Key investors include L2 Point, Revtek Capital, Wells Fargo Startup Accelerator, BTG Pactual, and Communitas Capital.
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