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SimSpace and Phosphorus Cybersecurity raise significant funds

In an era where digital threats loom larger than ever, two cybersecurity startups, SimSpace Corp. and Phosphorus Cybersecurity Inc., are making significant strides in fortifying cyber defenses with innovative technologies and substantial funding.

SimSpace Corp.: Revolutionizing Cybersecurity Training

SimSpace, a U.S.-based military-grade cybersecurity firm, recently secured $45 million in funding to expand its groundbreaking Cyber Force platform. Born from the expertise of U.S. Cyber Command and MIT’s Lincoln Laboratory veterans, the company offers a unique approach to cybersecurity readiness. Its platform enables organizations to simulate full-stack digital environments, providing a safe space for stress-testing infrastructure against cyber threats and conducting live-fire training exercises.

This immersive training experience is crucial for preparing teams for real-world cyberattacks, without the risk of data leakage. The platform’s full instrumentation allows for in-depth analytics from each simulated event, enabling continuous improvement in defense strategies. Given the rising cost of cyberattacks, which is estimated to reach $9.5 trillion globally by 2024, SimSpace’s approach is timely and vital for organizations seeking to bolster their cyber resilience.

Phosphorus Cybersecurity Inc.: Securing the IoT Landscape

On the other side of the cybersecurity spectrum, Phosphorus has raised $27 million to advance its Cyber-Physical Systems Protection Platform. Addressing the ever-growing Internet of Things (IoT) landscape, Phosphorus offers a holistic solution to manage and secure a wide array of xIoT devices, ranging from industrial systems to embedded medical devices.

Their platform excels in discovering, managing, and securing these devices, employing an Intelligent Active Discovery engine that significantly outperforms traditional methods in efficiency and speed. The necessity of such a solution is underscored by Phosphorus’s rapid growth, with the company now assessing over 50 million new IP addresses each week. This capability is paramount in an age where IoT devices are ubiquitous yet often represent overlooked vulnerabilities in an organization’s security posture.

The Convergence of Innovation and Security

Both SimSpace and Phosphorus are at the forefront of a crucial shift in cybersecurity. While SimSpace focuses on preparing human teams against cyber threats through simulation, Phosphorus tackles the technical challenge of securing a vast and diverse array of IoT devices. Their respective approaches highlight the dual nature of cybersecurity: the need to train and prepare human responders and the imperative to harness advanced technology to protect digital and physical assets.

As these companies continue to grow and evolve, their innovative platforms play a pivotal role in shaping the future of cybersecurity. By addressing both human and technological aspects of cyber defense, they are setting new standards in the industry, ensuring organizations can not only withstand current threats but are also prepared for future challenges in the digital domain.

In assessing these developments, it’s clear that the cybersecurity landscape is undergoing a transformation, driven by the need for comprehensive solutions that encompass both training and technology. The advancements by SimSpace and Phosphorus not only address current security challenges but also pave the way for a more resilient digital future.

Bilgesu Erdem
Bilgesu Erdem
Bilgesu graduated from Ankara University, Faculty of Communication, Department of Radio, Television and Cinema. After working as a reporter for various television channels and a newspaper, Bilgesu is currently working as a content editor at Newslinker. She loves technology and animals.

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