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Circadence

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Gamified cybersecurity training and readiness platform

Boulder, United StatesFounded 1995Edtech
Valuation $50–100M Last recorded · 2001
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Circadence and the history behind them.

About Circadence

Circadence specializes in cybersecurity training and education, targeting a diverse client base that includes enterprises, government and military organizations, and academic institutions. The company was founded in 1995 by Michael Moniz and Christopher Blisard. Circadence's business model is centered on providing cloud-based, hands-on cybersecurity education and readiness solutions.

The company's flagship product is Project Ares, a gamified cybersecurity learning platform. Project Ares offers an immersive, hands-on environment where individuals and teams can develop and assess their cybersecurity skills. The platform uses arcade-style games to teach foundational concepts, while more advanced 'Battle Rooms' and 'Missions' allow trainees to practice tactics against simulated real-world threats like ransomware, botnets, and phishing attacks. The curriculum is aligned with industry standards such as the NIST/NICE framework. The platform is delivered as a cloud-native service, running on Microsoft Azure, which allows for scalability to thousands of concurrent users and accessibility from anywhere.

Circadence also provides Range Conductor for the rapid deployment and customization of high-fidelity cyber range environments for training and assessment. The company offers services to engineer bespoke cyber ranges and develop custom training modules tailored to specific organizational needs, including advanced red and blue team exercises. This approach moves beyond traditional classroom learning by providing persistent, on-demand access to realistic virtual environments, which has been shown to improve knowledge retention significantly. Circadence serves clients globally, with partnerships in Australia and the Middle East, and generates revenue through subscriptions and customized solutions.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1995
Headquarters
Boulder, United States
Employees
76
Open positions
10
Dealroom signal
70.3/100
Industry
Security, Education
Sub-industry
Public safety, Cloud & Infrastructure
Sector
Edtech, Immersive Technologies, Cybersecurity, Corporate Learning
Business model
SaaS
Client focus
b2b
Investment activity
1 company, latest Jul 2009
Capital deployed
—
Preferred round
ACQUISITION

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GROWTH EQUITY VC✓Equity / VC Mar 2026 $16M — Seneca Partners ↗
DEBTDebt Dec 2018 $18M — Runway Growth Capital —
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

Circadence website traffic

Latest recorded traffic for Circadence is 2.6K monthly website visits, down 21.2% over the last three months. Circadence's team grew 0% over the past year.

Latest monthly visits2.6K 3-month web change-21.2% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • PCCW

Series B and later3 investors entered at this stage

  • Saints Capital
  • Runway Growth Capital
  • Seneca Partners
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇺🇸 United States88.5%
🇩🇪 Germany1.9%
🇯🇵 Japan1.9%
🇦🇺 Australia1.9%
🇨🇦 Canada1.9%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Circadence on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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