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SimSpace Closes $22.6 Million Financing Round

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Credit Facility from RevTek Capital Fuels Growth of SimSpace Cyber Security Platform

April 03, 2023

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 up level their security posture and team competency to be 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 the 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 SimSpace

SimSpace is the industry’s leading cybersecurity range and training provider, preparing individuals, teams, and leaders for continued success against ever-evolving global adversaries.

To learn more about SimSpace Studios, please visit or contact us at

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 nationwide. We aim to help entrepreneurs grow their businesses while maximizing enterprise value for owners and their management teams. To learn more about RevTek Capital, please visit

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