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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SOURCE SimSpace