Virginia-based cybersecurity training company RangeForce announced on Tuesday that it has raised $16 million in a Series A funding round.
The funding round was led by Energy Impact Partners, with participation from Paladin Capital Group, Trind Ventures and Cisco Investments. RangeForce plans on using the money for global growth, to accelerate go-to-market efforts, boost product development, and expand its network of training orchestration partners.
RangeForce provides an on-demand cloud-based cybersecurity simulation and skills analysis platform designed to help enterprises assess and improve the skills of their security and SOC staff.
“RangeForce’s CyberSkills Platform provides customers with prescriptive, individualized learning paths with hundreds of real-world training modules so that security, DevOps, web application engineers, and industrial control teams can quickly upskill and cross-train team members, provide custom reports to management, and orchestrate incident detection and response across multiple vendor tools,” the company said.
“RangeForce has also developed vendor-specific training modules to include Recorded Future, Splunk, VirusTotal, and Carbon Black. These integrations continue to expand as the company creates a full-stack security partner ecosystem,” it added.
The company’s founders met while helping build a cyber range for NATO’s Cooperative Cyber Defense Center of Excellence (CCDCOE).
RangeForce says it has more than 100 customers in the financial services, government, tech, retail, healthcare and telecom industries, and claims that its revenue (ARR) increased by 2,700 percent year-over-year.