Virginia-based VIDSys, PSIM providers have announced that they have raised $15.6 in equity financing led by NewSpring Capital, with participation from previous investors, Motorola Solutions, Flybridge Capital, JVax Investment Group and Atlanta Equity.
Although it is unclear exactly how the PSIM providers will do with the new capital, a statement issued by VIDSys said, “VidSys will use these funds to help grow and scale the company on a global basis beyond our existing footprint. … We will also invest in further development of our core software … for our public sector and enterprise clients.”
Other PSIM providers are also doing well globally. ARINC PSIM solution has become available across the world after its respected debut in the US, where they provide more than 50% of North America’s nuclear power plants with system security.
ARINC Advanced Information Management (AIM) also provides command, control and access for secure government facilities, seaports, airports and military installations where real-time situational awareness is essential for personnel, passengers and facility safety and security.