- RangeForce Inc., a company specializing in cybersecurity training, has revealed that it has raised USD 20 million to expand its product portfolio.
- The Series B investment was headed by Energy Impact Partners LLC and Paladin Capital Group L.P., with participation from KPN Ventures BV, Lapa Capital Partners LLC, Lanx Capital Management LLC, and Cisco Investments Inc.
RangeForce Inc., a startup specializing in cybersecurity training, has revealed that it has raised USD 20 million to expand its product portfolio.
The Series B investment was headed by Energy Impact Partners LLC and Paladin Capital Group L.P., with participation from KPN Ventures BV, Lanx Capital Management LLC, Lapa Capital Partners LLC, and Cisco Investments Inc. According to statistics from PitchBook, RangeForce has raised around USD 38.5 million in fundraising to date, including the current capital. The startup raised USD 16 million in venture money in July 2020.
RangeForce, a company founded in 2009, markets itself as a provider of “cyber defense readiness at scale” with a continual approach to growing cybersecurity abilities. The firm offers cloud-based networks and servers that simulate cyberattacks and other dangers in a sandbox environment.
Three tiers of cyber defense upskilling solutions are available from RangeForce to fit the specific demands of each enterprise. All three levels involve interactive, real-world exercises replicating actual assaults better to defend teams from current and future cyber threats. Using their existing software tools, cybersecurity experts and operations teams can constantly upskill their staff, keeping their vital defensive abilities relevant against current threats.
The origins of the company’s software may be traced back to the North Atlantic Treaty Organization Cyber Range in Estonia, a multimillion-dollar facility with various hardware, software, and training rooms. Taavi Must, founder and CEO of RangeForce, designed the NATO Cyber Range while working as a contractor.
RangeForce’s clientele includes Fortune Global 2000 finance, technology, and healthcare organizations. Among notable clients are Cisco Systems Inc., Equifax Inc., Pipedrive Inc., Barclays PLC, and federal government institutions.
Taavi Must, said, “This funding supports our vision to equip the diverse modern workforce with comprehensive cybersecurity upskilling solutions that enable organizations of all sizes to defend against cyberattacks. Our mission is urgent in light of the global shortage of skilled cybersecurity professionals. RangeForce offers cyber defense training to frontline workers, who are the first line of defense in cybersecurity readiness, while providing management with valuable insights into their team’s strengths and weaknesses.”