RangeForce, which helps teams improve their cybersecurity skills, has scored $20m in its Series B funding round to bolster the expansion of its platform.
Energy Impact Partners and Paladin Capital Group led the Series B, with commitments also coming from KPN Ventures, Lapa Capital Partners, Lanx Capital and Cisco Investments.
RangeForce’s defence training solutions are available in three tiers to meet an organisation’s needs. All of these include real-world interactive exercises that simulate live attacks to better protect teams against current and emerging cyber threats.
It claims the training provides users with relevant tools to defend against current threats while using their existing software. In addition to offering realistic emulated environments to test responses to real threats, the platform also boasts hundreds of interactive modules and challenges.
The CyberTech platform claims to have experienced rapid growth with Fortune Global 2000 companies across finance, technology and healthcare.
Speaking on the funding round, Energy Impact Partners managing partner Nazo Moosa said, “RangeForce’s cyber defence offerings fill a crucial gap in continuous cybersecurity upskilling today. Organisations desperately need cutting-edge training to help them reduce cyber risk and retain critical talent. Our investment is rooted in the belief that RangeForce fits both needs exceptionally well.”
The Virginia-headquartered cybersecurity training platform previously raised $16m for its Series A funding round in 2020. The investment was led by Energy Impact, with commitments also coming from Trind and Cisco Investments.
Another cybersecurity training company to recently raise funds is Hack The Box. The CyberTech, which raised $55m for its recent Series B, offers an online cybersecurity training platform that offers virtual hacking labs.
Its platform boasts gamified elements, such as scoreboards, multiplayer battles, ranks and more, to make cybersecurity training more engaging.
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