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.

Who is the current CEO of SimSpace?

William Hutchison and Peter Lee s of SimSpace.

How many employees does SimSpace have?

As of Mar 31, 2026, the latest employee count at SimSpace is 199.

Is SimSpace a funded company?

SimSpace is a funded company, having raised a total of $109M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 23, 2017.

When was the latest funding round of SimSpace?

SimSpace's latest funding was a $***** Series A round on Oct 28, 2025, with participation from 3 investors.

Where does SimSpace rank among its competitors?

SimSpace ranks 2nd amongst 26 active competitors, of which 14 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was SimSpace, which secured $39M in Oct, 2025.

Who are the top competitors of SimSpace?

SimSpace's top competitors include Cyberbit, Cymulate and SafeBreach. Among them, SimSpace secured the most recent funding round in October, 2025.

SimSpace - 2026 Company Profile, Team, Funding & Competitors

SimSpace is a series A company based in Boston (United States), founded in 2015 by Laura Lee, Lee Rossey and William Hutchison. It operates as a Cyber risk management platform to validate cyber security. SimSpace has raised $109M in funding from Wells Fargo Startup Accelerator and L2 Point. The company has 26 active competitors, including 14 that are funded. Its top competitors include companies like Cyberbit, Cymulate and SafeBreach.

Company Details

Cyber risk management platform to validate an organizations cybersecurity process and technology. The company was founded in 2015 by experts from the US Cyber Command and MITs Lincoln Laboratory, SimSpace combines the highest fidelity cyber ranges and attack content with user and adversary emulation techniques. It also provides individual training exercises, attack simulations, mission rehearsals, and product evaluations that leverage its cyber range, SimSpace delivers quantitative and actionable insights into how an organization can protect critical assets against lethal cyber threats.

Website: simspace.com
Social
Email ID: *****@simspace.com
Phone Number: +1 **********

Key Metrics

Founded Year

2015

Location

Boston, United States

Stage

Series A

Total Funding

$109M in 5 rounds

Latest Funding Round

Series A, Oct 28, 2025, $*****

Investors

Wells Fargo Startup Accelerator & 5 more

Ranked

2^nd among 26 active competitors

Employee Count

199 as on Mar 31, 2026

Investment & Acquisitions

L2 Point

Similar Companies

Cyberbit & 29 more

View SimSpace's full profile

SimSpace has raised a total funding of $109M over 5 rounds. Its first funding round was on Oct 23, 2017. Its latest funding round was a Series A round on Oct 28, 2025 for $*****. 3 investors participated in its latest round. SimSpace has 6 institutional investors.

Here is the list of recent funding rounds of SimSpace:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 28, 2025	1874853	Series A	2131419	9761955	6744746	8644955
Oct 28, 2025	2910360	Conventional Debt	1877669	2007223	6498161	1318292
Dec 11, 2023	1070130	Series A	4611317	2467742	L2 Point	4048219

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View details of SimSpace's funding rounds and investors

The founders of SimSpace are Laura Lee, Lee Rossey and William Hutchison. William Hutchison and Peter Lee are the CEOs of SimSpace.

Here are the details of SimSpace's key team members:

Laura Lee: Former Co-Founder of SimSpace. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Lee Rossey: Co-Founder & CTO of SimSpace.
Contact Info: 1 email address
William Hutchison: Co-Founder & CEO of SimSpace.
Contact Info: 1 email address
Peter Lee: CEO of SimSpace.
Contact Info: 1 email address

View details of SimSpace's Founder profiles and Board Members

SimSpace's employee count trend

SimSpace has 199 employees as of Mar 26. Here is SimSpace's employee count trend over the years:

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Top competitors of SimSpace include Cyberbit, Cymulate and SafeBreach. Here is the list of Top 10 competitors of SimSpace, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cyberbit 2015, Newburyport (United States), Series C	Cloud-based cyber range platform	$52M	Charlesbank Capital Partners, Claridge Israel ... & 2 others	69/100
2nd	SimSpace 2015, Boston (United States), Series A	Cyber risk management platform to validate cyber security	$109M	Wells Fargo Startup Accelerator, Communitas Capital ... & 4 others	64/100
3rd	Cymulate 2016, Rishon Lezion (Israel), Series D	Cloud-based cyber-range solution	$141M	One Peak, Vertex Ventures Israel & 5 others	58/100
4th	SafeBreach 2014, Sunnyvale (United States), Series D	Solutions for vulnerability assessment and data breach prevention	$106M	DTCP, Israel Growth Partners & 14 others	58/100
5th	CybExer 2016, Tallinn (Estonia), Series A	Provider of a simulation platform for cybersecurity training	$5.66M	Karma Ventures, Specialist & 7 others	56/100
6th	SCYTHE 2017, Arlington (United States), Series A	Provider of adversary emulation platform for vulnerability assessment	$13M	Gula Tech Adventures, Paladin Capital & 17 others	56/100
7th	Cloud Range 2018, United States, Seed	Cybersecurity training and simulation platform	-	Tech Square Ventures, Engage & 2 others	45/100
8th	Moyun Technology 2017, Haidian (China), Series B	Virtual hacker robot for network security	$18.5M	Vision Knight Capital, Hillhouse & 4 others	42/100
9th	Alpha Drive 2017, Brooklyn (United States), Seed	Cloud-based tools for testing and validation of AI algorithms in simulation	-	Detroit Startup Week, Techstars	42/100
10th	Nanjing Suning Information Technology 2013, Nanjing (China), Series C	Cyber range and network security solutions provider	$52M	Addor Capital, Cornerstone Ventures & 4 others	40/100