New York-based cyber security and training company RangeForce has secured $1.5 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 22.
According to its Crunchbase profile, "RangeForce is a cyber defense simulation company that discovers, develops and recruits cyber talent. Rangeforce develops a cloud-based cyber security simulation and training platform where IT professionals can play through realistic cyber battles."
The five-year-old startup has raised four previous funding rounds, including a $250,000 angel round in 2017.
The round brings total funding raised by New York companies in information technology over the past month to $647 million, an increase of $536 million from the month before. The local information technology industry has produced 256 funding rounds over the past year, capturing a total of $4.9 billion in venture funding.
In other local funding news, auctions company LiveAuctioneers announced a private equity funding round on May 22, financed by Cove Hill Partners.
According to Crunchbase, "LiveAuctioneers is a live auctions marketplace connecting buyers and sellers of art, antiques, jewelry and collectibles across the globe. Broadcasting thousands of auctions in real time, the site allows unprecedented access to unique items in live bidding format."
The company also raised a $47 million round in 2014.
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