RangeForce, an Estonia and New York-based startup, has raised USD1.5 million in seed funding for cybersecurity simulation-based learning platform.
The Estonian-founded startup raised the funding from Paladin Capital Group, with participation from Trind Ventures.
RangeForce helps companies deal with their cybersecurity and information security vulnerabilities by training their security specialists and IT professionals to learn the latest and most effective skills in cyber siege warfare to anticipate and fend off attacks on business-critical assets. The company said in a statement that the cash injection will be used to recruit additional talent to expand the product platform.
The company’s learning platform provides a progression of realistic cyber siege scenarios to train and assess technical teams’ decision-making and security skills over the entire spectrum of threat lifecycle management operations. RangeForce’s performance-based skills measurement analytics engine provides continuous evidence that teams are prepared against cybersecurity threats.
Nurturing cyber talent
“One-size-fits-all classroom training models are obsolete, because they don’t provide actionable skills required to hold threats at bay,” Taavi Must, the CEO and a co-founder of RangeForce, said in a statement. “Our problem-based learning approach provides enterprise IT and cybersecurity teams with tangible defensive cyber warfare experience. Cloud-based simulation training in a real-time setting has shown to be the most effective cybersecurity training method at scale.”
He added that finding skilled cybersecurity staff is only getting harder by the day and his company’s performance-based testing system supports security and tech leaders in recognising and nurturing their cyber talent. “We aim to become the industry standard to assess the most important element of cybersecurity readiness – human skill level.”
RangeForce said it already had a global customer base across the financial, technology and health-care sectors; the clients include Microsoft, Barclays, Santander and Pipedrive.
The company was founded in 2015 by Taavi Must, Jaanus Kink and Margus Ernits who had a combined expertise in cybersecurity and enterprise software development.
Cover: RangeForce’s team.