Artificial Intelligence
The Global Control Tower Market size is expected to reach $14.6 billion by 2028, rising at a market growth of 15.2% CAGR during the forecast period
New York, Oct. 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Control Towers Market Size, Share & Industry Trends Analysis Report By Type, By Application, By End Use, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06352717/?utm_source=GNW
It contains the essential structure, procedures, and technology. By monitoring, measuring, and reporting efficiency and service data in real time, a control tower helps the customer align and achieve strategic objectives.
The control tower system is made up of procedures, human organization, and an IT system. With a control tower, the staff may perform analysis to enhance decisions, identify a process failure, as well as effectively manage orders based on turnaround time. Teams in charge of keeping an eye on control towers can make better choices based on the review and feedback from this system.
It provides better visibility for both immediate and long-term choices that are consistent with strategic objectives. Control towers are becoming more and more common in the transportation and supply chain ecosystem, making it simpler to track deliveries in real-time and improving the efficiency of the delivery process. Due to challenges with visibility, allocation, efficiency, and driver speed, last-mile delivery remains difficult for organizations.
Businesses may improve order visibility in real-time, reduce the chance of problems, and gather information on how to manage orders more precisely by establishing an ecosystem that prioritizes openness. The control tower concept essentially seeks to improve visibility amongst trading partners, including companies, nations, and means of transportation.
COVID-19 Impact Analysis
In the modern dynamic supply chain environment, advanced control towers are a requirement. They assist companies in increasing their visibility, improving their decision-making, and swiftly identifying and resolving supply chain issues. As a result of the pandemic, the market was majorly disrupted during the course of the pandemic. However, as the government lifted bans and restrictions on business processes, market players leveraged various robust strategies, due to which, the market witnessed increased growth after the lockdown period.
Market Growth Factors
Rapidly Increasing Adoption Of Real-Time Analytics, Big Data, And Cognitive Technologies
With the globalization of the whole economy, the requirement for enhanced supply chain and logistics management practices has become inevitable. The ability to gather, arrange, and evaluate data is a crucial aspect of any supply management program’s effectiveness. Business demand for control tower solutions from a wide range of industry sectors is growing very quickly. These technologies have many benefits, including accurate forecasting as well as Business Intelligence (BI), which supports supply chain efficiency, cuts waste, and increases corporate revenue.
Growing Demand For Improved Efficiency Within Supply Chain And Operations
In a highly competitive climate, any corporation that continues to use ineffective and unproductive business practices loses a lot of opportunities. To address these inefficiencies and boost service quality, organizations must invest in process improvement techniques including machine learning, Internet of Things (IoT), reengineering, operational improvement, and others. Using technology, like big data analytics and artificial intelligence, the control tower improves operational capabilities and efficiency, adding value to supply chain management.
Market Restraining Factors
Increasing Risk To Data Privacy And Security Due To The Higher Frequency Of Cyber-Attacks
One of the most prevalent issues in the modern and technologically advance connected environment is the increasing frequency of cyber-attacks. Data security is the key concern that can prevent the company from employing the control tower. Inadequate or nonexistent security measures dramatically increase the risk of a cyberattack happening. A supply chain assault involves infiltration or attack through a third-party source and targets a company. If one of these firms has inadequate Cyber Security threat protection, it can end up acting as the point of entry for the entire supply chain.
Type Outlook
Based on Type, the Control Towers Market is bifurcated into Analytical and Operational. In 2021, the operational segment procured the biggest revenue share of the control tower market. Operational control towers are employed for both implementation and analysis. They send out alerts about any errors or issues as soon as they appear, enabling authorized operators to fix the issue right away. It provides solutions that are appropriate for the problem’s nature and delivers visibility and control across the whole supply chain.
Application Outlook
On the basis of Application, the Control Towers Market is divided into Supply Chain and Transportation. In 2021, the transportation segment garnered a substantial revenue share of the control tower market. The major information that control towers offer is the insight into incoming and outgoing shipments, as well as visibility into deliveries, track-and-trace, on-time delivery, ASN, freight expenditure, and other comparable information.
End-Use Outlook
By End-Use, the Control Towers Market is segregated into Aerospace & Defense, Chemicals, Retail & Consumer Goods, Healthcare & Pharmaceuticals, Automotive & Manufacturing, Information & Technology, and Others. In 2021, the Information and technology segment registered a significant revenue share of the control tower market. Due to the complexity of moving these products and the necessity for enhanced visibility and tracking. Control towers also enable the reduction of operational costs while increasing customer satisfaction for businesses and end users.
Regional Outlook
Region-Wise, the Control Towers Market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, North America accounted for the largest revenue share of the control tower market. Because businesses in this region are now emphasizing on improving their supply chain efficiency, the demand for control towers in countries, namely the U.S. and Canada, is evolving rapidly. The value chain as well as data are now being used more by North American businesses to produce business insights.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; SAP SE are the forerunners in the Control Tower Market. Companies such as Blue Yonder Group, Inc., E2open Parent Holdings, Inc. and o9 solutions are some of the key innovators in Control Tower Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Blue Yonder Group, Inc. (Panasonic Corporation), E2open Parent Holdings, Inc., Kinaxis, Inc., o9 Solutions, Inc., DiLX, Ortec B.V., Viewlocity Technologies Pty Ltd. (Friedman Corporation), One Network Enterprises, Inc., and Infor, Inc. (Koch Industries).
Recent strategies deployed in Control Tower Market
Partnerships, Collaborations & Agreements:
Aug-2022: e2open entered into a partnership with Shippeo, a leader in real-time multimodal transportation visibility solutions. With this partnership, the companies aimed to offer the next level of real-time transportation visibility as well as supply chain execution management to their customers through an integrated global platform.
Jul-2022: Infor partnered with Syntellis, a leading provider of EPM software, data and intelligence solutions. This partnership aimed to offer access to new as well as existing healthcare customers of Infor to Syntellis Axiom Healthcare Suite of intelligent planning and performance solutions.
Jun-2022: Infor entered into a partnership with Everstream Analytics, a supply chain insight, and risk analytics company. Through this partnership, the companies aimed to aid businesses in foreseeing and navigating supply chain threats as well as obstacles.
Jun-2022: Blue Yonder partnered with Microsoft Cloud, a cloud computing service. Under this partnership, Blue Yonder would offer its Luminate Control Tower to Microsoft in order to allow the company to monitor conditions throughout a rapidly growing and complex data center network across 34 countries.
Jun-2022: o9 Solutions came into a partnership with Chow Sang Sang, a provider of accessories. With this partnership, the companies aimed to increase the utilization of the Digital Brain platform of o9 in order to build end-to-end capabilities, including demand planning, sales planning, supply planning, supplier collaboration, and inventory optimization.
Jun-2022: o9 Solutions entered into a partnership with AMOREPACIFIC, a South Korean beauty, and cosmetics chaebol. Under this partnership, o9 would offer its AI-powered Digital Brain platform to AMOREPACIFIC in order to help the company in digitally transforming its supply network management system.
Apr-2022: o9 Solutions partnered with Danone, a French multinational food-products company. Following this partnership, o9 would offer its Enterprise Knowledge Graph-powered Digital Brain platform to Danone in order to enable the company to gain end-to-end visibility into supply chain operations.
Mar-2022: SAP came into a partnership with BCG, a global strategic consultancy. With this partnership, the companies aimed to help businesses in transforming their business models and becoming more sustainable while also acquiring the required data transparency to bring sustainability to their core business.
Mar-2022: Blue Yonder came into a partnership with Snowflake, a Data Cloud company. Following this partnership, the companies aimed to develop the Luminate Platform in order to improve the access to disparate data for supply chain management and offer an end-to-end view of the supply chain, impact insight, and prescriptive steps to eliminate risks and lower disruptions.
Jan-2022: o9 Solutions came into a partnership with AWS, a subsidiary of Amazon. This partnership aimed to facilitate organizations to deploy an entire range of cloud-native solutions of o9 by leveraging the depth and breadth of the AWS cloud.
Aug-2021: o9 Solutions came into a partnership with Thoucentric, a boutique management consulting company. This partnership aimed to allow CPG customers all over the world to expedite their digital transformation processes with the integration of the innovative solutions of o9 and Thoucentric’s strategic knowledge in the CPG market.
Jul-2021: SAP partnered with Google Cloud, a suite of cloud computing services. Following this partnership, the companies aimed to allow the customer to make choices without increasing complexity or cost. Furthermore, Google would also support SAP deployment.
May-2021: SAP entered into a partnership with Honeywell, a global leader in providing smart building solutions. Under this partnership, the companies aimed to offer a new solution named Honeywell Forge Real Estate Operations in order to increase the capabilities of the Forge enterprise performance management software of Honeywell.
Sep-2020: o9 Solutions entered into a partnership with FourKites, a leader in supply chain innovations. Through this partnership, the companies aimed to bring exceptional connectivity between Control Towers planning and freight visibility through the combined capabilities of the integrated business planning platform of o9 and FourKites’ Visibility Cloud.
Jun-2020: One Network Enterprises partnered with TruckerCloud, a unified trucking visibility platform. Under this partnership, the companies aimed to develop a new joint solution in order to expand real-time transportation visibility throughout the supply chain. Moreover, this partnership would also offer more precise ETAs along with faster response in case of delays.
Mergers & Acquisitions:
Aug-2022: Kinaxis took over MPO, a unified global cloud-based SaaS platform provider. Through this acquisition, the company aimed to bring Supply Chain Planning together with Real-Time Execution for Perfect Orders.
Mar-2022: E2open took over Logistyx Technologies, a leading e-commerce and parcel shipping, and fulfillment technology provider. Through this acquisition, the company aimed to integrate the global multi-carrier e-commerce capabilities along with the complementary cloud-based solution of Logistyx into the networked end-to-end supply chain operating platform of E2open.
Sep-2021: e2open completed its acquisition of BluJay Solutions, a leader in network solutions. With this acquisition, the company aimed to complement its vision to provide the most expanded as well as data-rich SaaS supply chain platform to its customers in order to make supply chains more resilient and agile while also reducing their environmental impact. Moreover, e2open would now offer more extensive capabilities along with timely data as well as continued innovation in order to aid its customers in meeting their strategic objectives.
May-2021: DiLX formed a joint venture with Nijhof Wassink, a logistics service provider. Following this joint venture, DiLX would leverage the FlowNxt feed logistics solution of Nijhof Wassink in order to offer space and time to customers to help them in focusing on more critical supply chain procedures.
Product Launches and Product Expansions:
Aug-2022: o9 Solutions unveiled the Full-Spectrum Sustainability Solutions Suite, a range of deep and broad sustainability solutions. The product range aimed to offer embedded solutions, including full traceability, ESG risk management, product and enterprise environmental footprint measurement, and sustainable sourcing and supply chain circularity in its integrated business planning platform.
Oct-2020: Kinaxis rolled out new AI capabilities to its RapidResponse. This product expansion aimed to expedite the intelligent end-to-end supply chain control spanning from the C-Suite to the production line. In addition, the improved demand management enhances the precision of long-as well as short-term forecasts.
Geographical Expansions:
Apr-2022: o9 Solutions expanded its geographical footprint in Australia and New Zealand. With this geographical expansion, the company aimed to meet the rising demand for its innovative planning and decision-making platform from its customers throughout the region.
Scope of the Study
Market Segments covered in the Report:
By Type
• Operational
• Analytical
By Application
• Supply Chain
• Transportation
By End Use
• Automotive & Manufacturing
• Aerospace & Defense
• Chemicals
• Retail & Consumer Goods
• Healthcare & Pharmaceutical
• Information & Technology
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• SAP SE
• Blue Yonder Group, Inc. (Panasonic Corporation)
• E2open Parent Holdings, Inc.
• Kinaxis, Inc.
• o9 Solutions, Inc.
• DiLX
• Ortec B.V.
• Viewlocity Technologies Pty Ltd. (Friedman Corporation)
• One Network Enterprises, Inc.
• Infor, Inc. (Koch Industries)
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06352717/?utm_source=GNW
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Artificial Intelligence
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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Artificial Intelligence
5G Enterprise Market Projected to Reach $115.81 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, May 2, 2024 /PRNewswire/ — The report titled “5G Enterprise Market by Equipment (Distributed Antenna System, Radio Node, Service Node), Organization Size (Large Enterprises, SMEs), End User – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $17.30 billion in 2023 to reach $115.81 billion by 2030, at a CAGR of 31.20% over the forecast period.
“The Pivotal Role of 5G Technology in Enterprise Evolution”
The advent of 5G technology marks a transformative era for businesses worldwide, offering exceptional speed, reduced latency, and enhanced connectivity that promise to elevate operational efficiency and digital innovation across various sectors. From enabling precise real-time monitoring and predictive maintenance in manufacturing to advancing telemedicine and seamless data collaborations in healthcare, 5G stands as a cornerstone for future advancements. Its pivotal role is revolutionizing transportation by supporting autonomous vehicles and smart infrastructure, significantly elevating safety and efficiency. The surge in 5G enterprise adoption is fueled by the growing need for robust and swift network connections to accommodate an increasing array of Internet of Things (IoT) devices and applications. Challenges include the substantial upfront costs associated with 5G infrastructure and concerns over data security. The potential for 5G to spur innovation is immense, mainly through the development of 5G-as-a-Service (5GaaS) and its synergy with cutting-edge technologies such as edge computing and artificial intelligence. Regionally, North America is major in adoption, supported by significant telecom investments, while the European Union’s concerted efforts bolster 5G integration across industries. The Middle East’s ambitions to become a significant region globally in 5G through smart city and industrial automation investments distinguish it. In contrast, the APAC region’s rapid growth is supported by early adoption and extensive government support, particularly in South Korea, China, and Japan. Thus, 5G is set to redefine enterprise operations, driving innovation and enabling smart solutions globally, heralding a new chapter in digital transformation for industries worldwide.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/5g-enterprise
“5G’s Role in Advancing Industry 4.0 and Digital Innovations”
In today’s fast-evolving digital age, the seamless integration of cutting-edge technologies such as artificial intelligence (AI), the Internet of Things (IoT), and blockchain into everyday business operations is becoming increasingly crucial. This integration is driving a significant surge in the need for uninterrupted, high-speed network coverage across various sectors. As technologies become more affordable and their performance enhanced, their adoption in both private and public sectors is witnessing a remarkable increase, paving the way for innovative payment solutions and digital currencies. This transformation reshapes diverse commercial landscapes, including entertainment, journalism, advertising, and retail. Consequently, the demand for 5G connectivity is escalating, recognized for its capability to deliver speeds of 15 to 20 Gbps, connect a vast array of devices, and facilitate the creation of virtual networks tailored to specific needs. Moreover, as Industry 4.0 propels manufacturing into the digital era with its emphasis on automation and digital technologies, the role of 5G in supporting these advancements becomes indispensable. By enabling faster connectivity for AI, data analytics, IoT, blockchain, and machine learning applications, 5G is at the forefront of improving operational efficiency and flexibility in the manufacturing sector, setting the stage for the exponential growth of the 5G enterprise market.
“The Integral Role of Radio Nodes, DAS, and Service Nodes in Enhancing 5G Networks”
In the rapidly evolving world of 5G networks, the harmonious functioning of radio nodes, distributed antenna systems (DAS), and service nodes plays a pivotal role in ensuring uninterrupted, high-speed connectivity across diverse environments. Radio nodes, vital for facilitating direct communication between devices, including smartphones and tablets, ensure the seamless execution of critical radio functions such as modulation and demodulation. They shine especially in areas where a robust, reliable connection is paramount, catering to the needs of densely populated zones. DAS is used in complexes such as stadiums and large buildings, working behind the scenes to boost wireless coverage through a network of strategically placed antenna nodes. This ensures that every corner is connected, enhancing user experience in challenging architectural layouts. Meanwhile, service nodes are the backbone of network management, orchestrating essential functions, including user authentication and mobility management, enabling smooth delivery of services throughout the 5G ecosystem. These components overcome physical and technological hurdles and lay down the infrastructure critical for delivering the next generation of wireless connectivity.
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“Telefonaktiebolaget LM Ericsson at the Forefront of 5G Enterprise Market with a Strong 16.19% Market Share”
The key players in the 5G Enterprise Market include Huawei Technologies Co., Ltd., Deutsche Telekom AG, Nokia Corporation, Telefonaktiebolaget LM Ericsson, AT&T Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the 5G Enterprise Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the 5G Enterprise Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive 5G Enterprise Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/5g-enterprise
“Dive into the 5G Enterprise Market Landscape: Explore 181 Pages of Insights, 298 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket Insights5G Enterprise Market, by Equipment5G Enterprise Market, by Organization Size5G Enterprise Market, by End UserAmericas 5G Enterprise MarketAsia-Pacific 5G Enterprise MarketEurope, Middle East & Africa 5G Enterprise MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/5g-enterprise
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5G Non-Terrestrial Network Market – Global Forecast 2024-20305G in Defense Market – Global Forecast 2024-20305G Satellite Communication Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Artificial Intelligence
SimSpace Welcomes Matt Knutsen as New Chief Revenue Officer to Spearhead Expansion Plan
SimSpace strengthens their leadership team, appointing Knutsen to drive revenue growth for the company as it expands further into the public sector
BOSTON, May 2, 2024 /PRNewswire/ — SimSpace, the US-based industry leader in AI-Powered cyber ranges, announced today the appointment of Matt Knutsen as its new Chief Revenue Officer (CRO). Matt will champion SimSpace’s global sales and revenue growth strategy. He will drive expansion initiatives and foster strategic partnerships to stress test businesses’ and state agencies’ people, processes and technologies against the most advanced adversaries.
With more than 20 years of experience in the field, Matt most recently held the position of CRO at cyber training provider Immersive Labs, where he increased revenue growth by over 4000% and attracted over $180M in investment. He also launched the company into new markets, expanding the team across Australia, Europe, the Middle East, New Zealand and the US. The combination of Matt’s wealth of experience and his in-depth industry knowledge make him well-equipped to lead SimSpace’s next phase of growth.
As nation-state attacks rise in frequency, and AI drives a new wave of severe cyberattacks, companies also have to navigate uncertain economic conditions. SimSpace empowers organizations to cut unnecessary spending through stack optimization, allowing CISOs to maximize their ROI and effectiveness of their technology stack. Knutsen’s influence in the field will propel the SimSpace Platform to new heights, advancing access for companies and governments that need to optimize their cybersecurity defenses and safeguard their critical infrastructure from an increasingly volatile threat landscape.
Matt Knutsen is the most recent addition to SimSpace’s Executive Leadership Team, following Clint Sand’s appointment as Chief Product Officer in February 2024. His appointment underscores SimSpace’s continued growth trajectory, headed by the $45M they secured in funding from L2 Point Management, bringing the total capital raised over the past year to $70M. The company has also bolstered their presence in the public sector, marked by their recent partnership with Carahsoft and their multi-year contract with Florida to enhance the state’s cybersecurity preparedness. SimSpace’s high fidelity cyber ranges and simulations will enable state agencies and programs like Cyber Florida to rehearse and respond to cyberattacks.
Commenting on Matt’s arrival, SimSpace CEO William Hutchison said, “Matt is a seasoned executive, who has accumulated years of knowledge on cybersecurity best practices and established himself as a leading authority in cyber range exercises. His industry influence, strategic vision and conviction in the importance of cybersecurity preparedness will shape the future success of the company at this crucial time of expansion. With Matt leading our revenue organization, we have full confidence in our capacity to deepen our valued partnerships and build strong, new connections which will further elevate SimSpace’s position as a trusted cybersecurity partner.”
Matt Knutsen, Chief Revenue Officer commented, “I’m looking forward to bringing a proactive approach to cybersecurity risk management to even more private and public sector organizations. I’ve already been impressed by SimSpace’s high-fidelity cyber range simulations, both on and off premise. It’s a great time to be joining the company and I’m excited to build upon SimSpace’s recent rapid growth with even more partnerships.”
About SimSpace
SimSpace is the global leader in AI-Powered cyber ranges, founded by experts from U.S. Cyber Command and MIT’s Lincoln Laboratory to respond to a new era of unprecedented cyber threats. Having raised nearly $70 million in funding over the past year, the company’s Platform enables the most sophisticated enterprises, governments, and critical national infrastructure organizations to find intelligence-driven answers to the most vexing security, governance, training, and cyber readiness questions. SimSpace provides high-fidelity cybersecurity simulations, training, and safe live-fire exercises to Fortune 2000 financial, retail, insurance, and other commercial markets. SimSpace’s Platform results in an average reduction in cyber operational costs of 30% and a 40% reduction in breaches.
For more information, please visit: www.SimSpace.com.
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