About GOVRED
GOVRED is a company based in Cedar Rapids (United States) founded in 2017 by Chase Dittmer.. The company has 12 employees as of December 31, 2024. GOVRED offers products and services including Firearms Training Simulator, Crisis Intervention Training Simulator, and Active Shooter Threat Training Simulator. GOVRED operates in a competitive market with competitors including AjnaLens, VirTra, Aechelon Technology, FAAC and Riptide Software, among others.
- Headquarter Cedar Rapids, United States
- Employees 12 as on 31 Dec, 2024
- Founders Chase Dittmer
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Sectors
Aerospace, Defense & Maritime
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Phone
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Website
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Social
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- Legal Name Govred Technology, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
12
as on Dec 31, 2024
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Products & Services of GOVRED
GOVRED offers a comprehensive portfolio of products and services, including Firearms Training Simulator, Crisis Intervention Training Simulator, and Active Shooter Threat Training Simulator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enhances shooting accuracy in hostile situations for military use.
Trains police on handling mental health crises safely and effectively.
Prepares responders for active threats through interactive drills.
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Funding Insights of GOVRED
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2017 | Amount | Seed - GOVRED | Valuation | NewBoCo |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GOVRED
GOVRED has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include NewBoCo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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NewBoCo is focused on entrepreneurship and education in Iowa.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GOVRED
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GOVRED
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Govred Comparisons
Competitors of GOVRED
GOVRED operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AjnaLens, VirTra, Aechelon Technology, FAAC and Riptide Software, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Mixed reality headsets are manufactured for enterprises and defence sectors.
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| domain | founded_year | HQ Location |
Developer of security solutions to detect vulnerabilities in IoT devices
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| domain | founded_year | HQ Location |
3D real-time visual simulations for training are developed.
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| domain | founded_year | HQ Location |
Simulation training and research solutions are provided by FAAC.
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| domain | founded_year | HQ Location |
Cloud-based learning platforms are provided for defense and corporate sectors.
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| domain | founded_year | HQ Location |
Provides software and services for simulations in defence, aerospace, and other industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about GOVRED
When was GOVRED founded?
GOVRED was founded in 2017.
Where is GOVRED located?
GOVRED is headquartered in Cedar Rapids, United States. It is registered at Cedar Rapids, Iowa, United States.
How many employees does GOVRED have?
As of Dec 31, 2024, the latest employee count at GOVRED is 12.
What does GOVRED do?
Founded in 2017 and based in Cedar Rapids, United States, GOVRED TECHNOLOGY operates in the defense and public safety sector. Virtual reality simulators, including hardware and software, are offered for firearms training and combat scenarios to military agencies. For law enforcement, solutions cover use of force, crisis intervention, de-escalation, active shooter response, and firearm training. Operations focus on tailored simulation environments to support training needs.
Who are the top competitors of GOVRED?
GOVRED's top competitors include AjnaLens, Aechelon Technology and VirTra.
What products or services does GOVRED offer?
GOVRED offers Firearms Training Simulator, Crisis Intervention Training Simulator, and Active Shooter Threat Training Simulator.
Who are GOVRED's investors?
GOVRED has 1 investor. Key investors include NewBoCo.
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