SimSpace Closes $10 Million Financing Round
Credit Facility from RevTek Capital Fuels Growth of SimSpace Cyber Security Platform
July 12, 2022
Phoenix, AZ — SimSpace, a leading cybersecurity company that offers the world's most advanced open cyber range, providing its customers everything they need to keep their security team, processes and technology working at peak performance, announced it closed a $10 million credit facility from RevTek Capital, a leading specialty finance company. SimSpace was founded in 2015 by experts from the U.S. Cyber Command and MIT’s Lincoln Laboratory.
SimSpace’s exclusive cyber range provides an unparalleled platform for security assessments, product evaluation, real-world attack simulations and extensive individual and team readiness training. SimSpace helps its customers uplevel their security posture and team competency, so they are ready to face the current threat environment. As a result, companies can meet operational goals, drive revenue growth, and stay competitive and compliant.
“We are excited to be partnering with SimSpace team and providing a long-term credit facility for the company to grow and expand its world-class Cyber-based technology platform and services”, said Scott Peters, CEO of RevTek Capital.
About RevTek Capital
RevTek Capital is a leading specialty finance company, leveraging years of early-stage lending and investing in providing focused credit solutions to emerging, predictable recurring revenue/subscription-based businesses across the country. Our goal is to help entrepreneurs grow their businesses while maximizing enterprise value for owners and their management teams. To learn more about RevTek Capital, please visit www.revtekcapital.com.
SimSpace is the leading cyber security range and training provider in the industry preparing individuals, teams and leaders for continued success against ever-evolving global adversaries.