RangeForce, the cloud-based cybersecurity training firm, has raised $16 million in a Series A round led by Energy Impact Partners.
Paladin Capital Group continues its longstanding support of RangeForce as part of this round which also included existing firm Trind, as well as a new investment from Cisco Investments.
With Global headquarters in Manassas, Virginia, RangeForce says its cloud platform enables teams to learn by defending against real attacks in a hands-on, engaging, and competitive environment, a scalable and cost-effective alternative to traditional cyber ranges.
It adds that enterprises can continuously practice how to handle cyberattacks, ensuring that all team members see what a malicious attack vector looks like in a benign environment before experiencing it for the first time.
Nazo Moosa, Managing Partner Europe at Energy Impact Partners, said: “We’re thrilled to partner with RangeForce at a time when critical infrastructure is under attack and organisations seek to replace classroom education with cloud-based practical training. Worldwide, we see organisations continue to struggle with the shortage of cybersecurity professionals. While investing heavily in cybersecurity tools, they severely underinvest in the training their people need to manage the security stack and harness their skills to detect and stop a cyberattack.”
Date published: 29 July 2020