The funding round was led by David Little and coincides with the appointment of Matthew Cook as chairman.
"As the industry grapples with shorter settlement cycles and maintains a strong focus on reducing transactional costs and friction, this is an exciting time to be joining SSimple. Accurate, authenticated, and timely SSIs have long been a consistent challenge, hindering the realisation of a fully straight-through-processing (STP) vision within the industry. This hindrance has been exacerbated by error-prone manual processes and costly, outdated legacy platforms. Leveraging SSImple’s innovative SaaS approach, we present a cost-efficient effective and readily implementable solution across multiple asset classes for the 21st century, with the goal being to transform this vision into reality."
Beech Tree Private Equity has backed the cyber-attack simulation platform to drive its organic growth and product development.
"We have been thrilled with the growth that we have achieved since we launched in 2020 and we see this investment from Beech Tree as the natural next step in our growth journey, allowing us to scale up even faster, accelerate our development plans for our OOC platform and ultimately ensure that we remain one step ahead of the “bad actors” out there"
The investment was led by angel investor Programmers Force to support international expansion and technological development.
"Facial recognition technology is the future, and we strongly believe that Facia will be one of the pioneers in this industry. We want to help them expand, enter new markets and constantly innovate their technology to achieve groundbreaking results for the future of digital security."
The Series B round was led by One Peak to support the expansion of the company's network assurance platform.
"Gartner has reported only 26% of network leaders maintain accurate network data, massively hindering the effectiveness of automation initiatives for 74% of enterprises."
— Humbert de Liedekerke, Co-founder and Managing Partner
"In 2019, we identified a gap in the market for a solution like Pulse®, and we anticipated that demand for such a solution would be accelerated by prevailing market forces that many had failed to recognise or piece together. In the face of early scepticism the team persevered through some of the most challenging circumstances to bring our vision to life."
