RangeForce Inc.

RangeForce Inc. is a US-based cloud platform that specializes in enhancing cybersecurity capabilities through immersive training solutions, focusing on real-world application and skill development for organizations. Founded in 2014 and headquartered in Norfolk, US, RangeForce, Inc. provides a cloud-based cyber range for organizations to strengthen their cybersecurity efforts.

The company has completed 4 deals, including a Series B funding round in November 2022, raising USD 18. 51 mn. The round was co-led by Energy Impact Partners and Paladin Capital Group, with participation from Cisco Investments, KPN Ventures, LAPA CAPITAL LLC, and Lanx Capital. The current company valuation is USD 66.

985 mn. The CEO is Brett Jackson, with Taavi Must also in leadership roles. RangeForce offers a comprehensive cloud-based cyber range designed to enhance the cybersecurity capabilities of organizations by focusing on both technical and soft skills development. The core product facilitates realistic training environments where teams can practice and refine their abilities to respond to cyber threats using actual tools and networks.

This training hones individual skills and fosters teamwork, allowing participants to effectively tackle complex adversarial scenarios. RangeForce serves a diverse clientele across sectors such as finance, healthcare, and technology, with a global reach spanning North America, Europe, and Asia. The company provides personalized learning plans tailored to specific roles and risk levels, addressing the unique needs of its users. RangeForce generates revenue primarily through subscription-based models and partnerships with organizations looking to enhance their cybersecurity training programs.

Clients typically enter agreements for access to a suite of training modules and resources, which can be customized according to their requirements. This model allows for continuous engagement as clients utilize the platform for ongoing training and skills assessments. Pricing plans accommodate various organizational sizes, making it accessible for both small teams and large enterprises. Flagship offerings include targeted skills plans and solo labs, integral to their training programs, which support a recurring revenue model emphasizing long-term client relationships.

In November 2022, RangeForce Inc. secured USD 18. 51 mn in Series B funding to expand its product offerings. The funding will be utilized to develop additional new products aimed at further enhancing their training solutions.

The company is strategically positioning itself to penetrate new geographic markets, focusing on expanding its presence in regions such as Europe and Asia by 2024. With the recent funding, RangeForce is poised to strengthen its capabilities in response to evolving cybersecurity threats and meet the growing demands of organizations seeking to bolster their defenses.