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Cyber Firm SimSpace Secures $45 million in Funding from L2...

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Cyber Firm SimSpace Secures $45 million in Funding from L2 Point Management to Fuel Continued Growth

SimSpace has developed government-grade cyber ranges since 2015 and is uniquely positioned to capitalize on a 2030 cybersecurity market set to top $480 billion.

BOSTON, Dec. 19, 2023 /PRNewswire/ -- SimSpace, a US-based market leader in military-grade cybersecurity, today announced that it has closed a $45 million equity raise led by L2 Point Management, a private investment firm specializing in flexible capital solutions for growth companies. This investment brings the total capital raised by SimSpace over the past year to $70 million and will support the company's continued growth trajectory, including its expansion into new geographies.

SimSpace works with the most advanced Fortune 2000 companies, as well as national and state governments, to provide unmatched training and stress-testing capabilities for their defensive tools and cyber teams. In 2024, organizations worldwide are set to suffer$9.5 trillion in financial damages from cyber-attacks, as regulators and insurers increase their pressure on the disclosure and Governance, Risk and Compliance (GRC) requirements of mission critical companies. In a climate of heightened cyber threats, SimSpace is uniquely equipped to help public and private entities withstand the most sophisticated cyber-attacks that are now transcending geographical borders.

"For nearly a decade, SimSpace's ground-breaking technologies have allowed large financial institutions and critical national infrastructure companies to withstand and recover from the most severe cyber events imaginable. The exponential growth in cyber threats has underlined the necessity for the boards and c-suites of large and listed organizations to implement national-grade cybersecurity to mitigate threats and ensure bottom line growth," said William "Hutch" Hutchison, CEO of SimSpace. "The $45 million investment from L2 Point Management will serve as a milestone of growth at SimSpace, bolstering our ambitions to enter new markets around the world while allowing us to significantly accelerate the pace of our customer acquisition."

"SimSpace's high-fidelity cyber ranges have gained significant traction with leading companies and national cyber defense organizations. This financing will allow SimSpace to build on its strong momentum and continue to invest in its military-grade capabilities as the company serves an increasingly diverse and advanced customer base," said Kerstin Dittmar, Managing Partner at L2 Point Management. "We are excited to support Hutch and his talented team as they position SimSpace as a global leader in a potential $480 billion cybersecurity market."

SimSpace's Cyber Force Platform provides granular, data-driven performance metrics that give CFOs multi-million dollar answers to cost reduction decisions without increasing top line risk. The metrics-led data will also allow disclosure teams to practice their roles in severe incident response and security teams to keep their capabilities sharp for the day when they will need to outperform the adversaries intent on inflicting critical damage to the reputation and finances of large and listed companies.

About SimSpace

SimSpace is the global leader in military-grade 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. The company's Cyber Force 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's Cyber Force 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.

About L2 Point Management

L2 Point Management ("L2 Point") is a San Francisco based investment firm providing innovative capital solutions for growth companies. With expertise across the capital structure, L2 Point works to address a common concern of late-stage companies today: the lack of an alternative cost of capital product between highly dilutive growth equity and operationally restrictive debt. For more information, please visit: www.L2-Point.com. 

Logo: https://mma.prnewswire.com/media/1947574/3766941/SimSpace_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/cyber-firm-simspace-secures-45-million-in-funding-from-l2-point-management-to-fuel-continued-growth-302018315.html

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Innolux Participates in Display Week 2024, Showcasing...

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Innolux Participates in Display Week 2024, Showcasing Exclusive Products and Technologies for Smart City Solutions and Low-Carbon Automotive Applications

ZHUNAN, TAIWAN - Media OutReach Newswire - 13 May 2024 - Innolux announces its presence at SID Display Week 2024 in San Jose, USA, from May 14 to May 16, to unveil a range of new display technologies tailored for public spaces and smart mobility vehicles.

Innolux’s innovative color conversion MicroLED display technology is transforming the world of digital art

Innolux has continued to innovate cutting-edge display technology, and will showcase the 106-inch Color Conversion AM-MicroLED Free Tiling Display for the first time. This pioneering display boasts the four major advantages of ultra-high-definition image quality, high color saturation, unparalleled ambient light contrast, and free-tiling. By creating extremely small pixel pitch, ensuring ultra-high-definition and detailed imaging quality across the entire image. The focus of its applications will be on niche markets, particularly the market for high-definition immersive experiences in large spaces and digital art. By breaking free of the limitation on traditional display border, customized display sizes ranging from 26.4 inches to 220 inches can be provided based on requirements to create new possibilities for digital art and mesmerizing visual entertainment.

Innolux's exclusive LC dimming technology is fast-tracking the development of smart automotive applications in support of low-carbon living. The Smart LC Window boasts dynamic transmittance, anti-glare, energy efficiency, reduced power consumption, rapid response, and intelligent networking. With LC dimming technology, Flexible Dimming LCW maintains true colors without color distortion, and blocks 99% of ultraviolet rays. Innolux is also the first in the industry to launch Smart LC Dimming Side View Mirror, and its rapid response and accurate color reproduction not only improve driving safety and comfort but increase the value of the application of LC dimming technology in cars. Innolux’s groundbreaking Smart Dimming Sun Visor adjusts light transmittance instantly in intense conditions.

Video clips on Innolux’s exclusive products and technologies:

https://youtu.be/knebRv2obeI

Information on Innolux’s participation in SID Display Week 2024

Date: May 14 (Tuesday) to May 16 (Thursday), 2024

Time: May 14, from 10:30 to 18:30

May 15, from 09:00 to 17:00

May 16, from 09:00 to 14:00

Exhibition Location: San Jose McEnery Convention Center, San Jose, California, USA

Booth Number: 215

Contacts

Anita Chien +886-(0)6-505-1888 #47153,+886-(0)911-572-225, anita.chien@innolux.com

Iris Tsou +886-(0)37-586-000 #62329, iris.tsou@innolux.com

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Head of Transparency Thailand Foundation supports the Thai...

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BANGKOK, THAILAND - Media OutReach Newswire - 13 May 2024 - The Head of Transparency Thailand Foundation (TTF) points out Thailand must reform the justice system and improve outdated or obstructive laws, while also reducing the use of discretion by the government sector to counter corruption. She also suggests that "NACC and Thai people" stop paying much concern to the results of the Corruption Perceptions Index (CPI), unveiling that an organizer has some limitations in scoring.

In an exclusive interview with the Integrity Way, a team of the Office of Thailand's National Anti-Corruption Commission (NACC) in recent days, Mrs. Juree Vichit-Vadakan, Chairperson of Transparency Thailand Foundation highlights that corruption problems have affected the development of each country in particularly on the economic sector. Obviously, it has been seen in the investment sector as investors will consider how easy or difficult it is to do business in that country based on a chance for corruption. Investors will consider whether they need to pay a bribe or not. If it is found that a country has complicated regulations and each agency can ask for bribes, it will become a hidden cost. Those are considered crucial reasons for whether or not they should invest in each country.

Chairperson of the Transparency Thailand Foundation elaborates that when focusing on the corruption situation in Thailand on prevention and suppression, there are more efforts to help lessen the problem. For example, during the past several years the National Anti-Corruption Commission (NACC) demonstrated good performance in counter-corruption efforts. However, the general public may not be aware of the in-depth information. Yet, people who had followed the movements could acknowledge those attempts. In the case of the Comptroller General's Department conducting the Integrity Pact (IP) project and the Public Construction Transparency Project (CoST), both of these tools can prevent corruption and save the national budget by more than 100 billion baht. But we must admit that there are still some people who look for loopholes in the system to commit corruption. However, the right solution is efficient law enforcement.

Mrs. Juree added that if considering Thailand's anti-corruption mechanism, whether it is an organization or a law, Thailand has more than other countries. Therefore, the point is not to create more laws or regulations. Yet, the problems are the functioning of the bureaucracy, the efficiency of law enforcement, trial, and judgment of punishment, which need to be done at an appropriate time. Each corruption case should not be delayed in ruling; otherwise, people will totally ignore and forget. Moreover, there must be a law reformation of the Regulatory Guillotine in order to repeal or improve laws or regulations that are no longer necessary or inconsistent with the circumstances or that are an obstacle in contacting government agencies, while also Thailand should diminish the use of discretion by civil servants. All of these mentions require a reformation. Nevertheless, those problems have also been seen in many countries, not only in Thailand.

"If looking from the past until the present, people in this generation are more aware of corruption problems. People in the past may not understand clearly 'Conflict of Interest'. Nowadays, they are better understood about Conflict of Interest. People also talk about the transparency of projects in the area. For instance, the "Growing Good" project has made people more aware of anti-corruption. People are currently focusing more on creating awareness among children and youth," the chairperson of the Transparency Thailand Foundation explains.

She also says about Thailand's Corruption Perceptions Index (CPI) that for many years, the CPI index has been released and has embarrassed Thailand compared with other nations. Since the Transparency Thailand Foundation has worked with Transparency International (TI), the foundation has learned that there are many steps in conducting a Corruption Perception Index. One important step is the answer from a person that TI has assigned to be responsible for that country. Therefore, the answer may be inaccurate from reality for various reasons.

Those reasons are such limitations on inaccessibility of information, and failure to understand the context of Thai society and Thai politics. Westerners may think that rights and freedoms can only occur in an elected government. The military government must be corrupted. However, the surveyors were not aware that the Thai military government had initiated the Integrity Pact and Transparency Project in public sector construction, which helped save a high amount of the national budget. This performance may not be aware among foreigners, but most Thai people also do not acknowledge this effort. In addition, the Thai media does not pay much attention to positive stories or they may report about that news but people do not pay much attention, unlike bad or criminal news. The more scandalous the news is, the news reports will be presented for several days as people like that kind of news. Unfortunately, people do not like much about good news. Good news will appear only once time and then totally disappear.

"If I were a NACC officer, I would not pay too much attention to the CPI index. Thailand should not be concerned much about the score. However, Thai people seem to attach great importance to it, even though it has many limitations. The NACC, Thailand, and those involved in the government should focus on doing their work effectively and have the courage to announce on the global stage about their successful projects and implementation in counter corruption to create greater awareness among foreigners," she ends the interview with support to NACC, Thailand in fighting against corruption.

*This exclusive interview translation is funded by the National Anti-Corruption Fund (NACF).

National Anti-Corruption Commission (NACC), Thailand

The National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions. It is authorised to undertake work on the prevention and suppression of malfeasance, particularly in government agencies, on assets investigations, as well as on the monitoring of ethics and virtues of political position holders.

It has the authority to file charges in court as well as support and build up awareness of the penalties for committing corruption. The NACC is supervised by the NACC Board and has the Office of the NACC as its administrative agency.

Since 1997, Thai Courts have ruled against and punished politicians, former ministers, high-ranking government officials as well as executives of the private sector in the thousands of cases submitted by the NACC.

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Careggi. Pro Vita Famiglia: Bene stop a Triptorelina, ora...

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triptorelina-careggi-farmaco

10 maggio 2024. "Esprimiamo soddisfazione per il blocco della somministrazione a bambini e adolescenti della Triptorelina - il farmaco bloccante della pubertà - all’Ospedale Careggi di Firenze, a seguito dell’inchiesta e delle indagini condotte dalla Procura e dal Ministero della Salute. E’ inquietante immaginare che questo farmaco possa essere stato somministrato ai minori con presunta disforia di genere senza le adeguate, e obbligatorie, valutazioni neuropsichiatriche per verificare altre eventuali cause dei disagi dei minori. Finalmente l’Italia sta seguendo l’esempio di molti Paesi occidentali un tempo pionieri nell’approccio affermativo alla disforia di genere - come il Regno Unito - e sta crollando il castello di carte. Auspichiamo quindi che questo possa essere il punto di non ritorno e che il nuovo presidente dell’AIFA Robert Giovanni Nisticò, alla luce delle più recenti ricerche ed evidenze medico-scientifiche, vieti proprio l’uso della Triptorelina per bloccare lo sviluppo puberale di minorenni, per via dei potenziali, gravi e irreversibili danni alla salute. Lo scandalo Careggi non deve rimanere un campanello d’allarme inascoltato: il Ministero della Salute disponga quindi immediatamente ispezioni in tutti i centri ospedalieri in cui si tratta la disforia di genere sui minori". Così Jacopo Coghe, portavoce di Pro Vita & Famiglia onlus.

Ufficio Stampa Pro Vita e Famiglia Onlus

t.: 0694325503

m.: 3929042395

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