RangeForce, a Norfolk, VA-based provider of scalable, cloud-based cyber defense upskilling solutions, announced that it closed $20 million in Series B funding to expand its product line.
The round was led by Energy Impact Partners and Paladin Capital Group. Other investors were KPN Ventures, Lapa Capital Partners, and Lanx Capital, with participation from Cisco Investments.
“This funding supports our vision to equip the modern, diverse workforce with comprehensive cybersecurity upskilling solutions that enable organizations of all sizes to defend against cyber-attacks,” said Taavi Must, CEO of RangeForce. “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.”
The RangeForce cyber defense upskilling solutions are available in three different tiers to meet an organization’s unique needs, all of which include real-world interactive exercises that simulate live attacks to better protect teams against current and emerging cyber threats.
These offerings help cybersecurity professionals and operations teams continuously upskill employees, keeping their critical defense skills relevant against current threats while using their existing software tools.
Company: RangeForce Inc.
Raised: $20.0M
Round: Series B
Funding Month: March 2023
Lead Investors: Energy Impact Partners and Paladin Capital Group
Additional Investors: KPN Ventures, Lapa Capital Partners, Lanx Capital, and Cisco Investments
Company Website: https://www.rangeforce.com/
Software Category: Security Awareness Training Software
About the Company: Founded in 2015 by Taavi Must, Jaanus Kink, and Margus Ernits, RangeForce is a cloud-based and on-demand cyber skills platform featuring real IT infrastructure, real security tools, and real cyber threats. RangeForce empowers cyber defense readiness at scale. Refine individual and team capabilities against the latest threats with a continuous approach to cybersecurity skill development. See real threats in action and sharpen the skills needed to defend your organization with interactive modules, challenges, and team-based threat exercises that reflect the real world. RangeForce has experienced rapid growth with Fortune Global 2000 companies in a variety of industries, including finance, technology, and healthcare, and counts companies like Equifax, Barclays, and federal government entities among its customers.
Source: https://newsdirect.com/news/cybersecurity-upskilling-provider-rangeforce-raises-20-million-in-financing-715867264