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Estonian cybersecurity training platform RangeForce raises $16 million to accelerate global growth

RangeForce, the Estonian cloud-based cybersecurity training platform, has closed an investment round of $16M to accelerate the company’s global growth. The company focuses on helping enterprises to build highly skilled cybersecurity teams.

With roots in building a cyber range for NATO’s Cooperative Cyber Defence Centre of Excellence, RangeForce solves an important problem for global enterprises — how to put a remote access training program in place to train and continually upskill cyber professionals. The RangeForce 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.

With the RangeForce CyberSkills platform, enterprise defenders can continuously practice how to handle cyber attacks, ensuring that all team members see what a malicious attack vector looks like in a benign environment before experiencing it for the first time. The 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.

Investors: RangeForce’s upskilling turns company’s weaknesses into strengths

Money was raised from both new and existing investors. An investment round was led by Energy Impact Partners. Paladin Capital Group continues its longstanding support of RangeForce as part of this round. The Series A also includes existing firm Trind as well as a new investment from Cisco Investments.

“We’re thrilled to partner with RangeForce at a time when critical infrastructure is under attack and organizations seek to replace classroom education with cloud-based practical training,” said Nazo Moosa, Managing Partner Europe at Energy Impact Partners.

“Worldwide, we see organizations 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,” Moosa told.

RangeForce has experienced rapid growth since its launch, with a 2,700 percent year-over-year increase in annual recurring revenues. The company plans to build on its momentum from its headquarters in the Washington, D.C. area.

More than 100 organizations are already experiencing the benefits of the RangeForce platform, including some of the world’s largest organizations across financial services, technology, government, retail, telecom, and healthcare. 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.

“In an ever-expanding stack of cyber security technologies, people are still the most important decision-makers. Yet this human layer of the security stack is the most overburdened, and therefore weakest link,“ said Gibb Witham, RangeForce Board Director and Senior Vice President at Paladin Capital Group. Witham sees that RangeForce can turn this weakest link into an enterprise’s strongest asset by upskilling the people managing, configuring, and defending their systems.

„One of the toughest challenges facing enterprise defenders is that they’ve been expected to use highly complex security tools while their organizations are under attack, without ever learning and practicing how to use them effectively together,“ noted Taavi Must, the CEO of RangeForce.

According to Must, RangeForce offers a hands-on, simulation-based cybersecurity training that will strengthen enterprise defenders and their teams and make the selected security solutions even more effective. “This round of funding validates our mission to bring highly effective operational cybersecurity training to organizations of all sizes,“ Must confirmed.

RangeForce will use the funding to accelerate its go to market efforts, advance product development, expand its ecosystem of training orchestration partners, and focus on global growth.

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