When was GOVRED founded?

GOVRED was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is GOVRED located?

GOVRED is headquartered in Cedar Rapids, United States.

How many employees does GOVRED have?

As of Apr 30, 2026, the latest employee count at GOVRED is 9.

Is GOVRED a funded company?

GOVRED is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jun 20, 2017.

When was the latest funding round of GOVRED?

GOVRED's latest funding was a $***** Seed round on Jun 20, 2017, with participation from 1 investor.

Where does GOVRED rank among its competitors?

GOVRED ranks 22nd amongst 40 active competitors, of which 7 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Varjo, which secured $5.86M in Aug, 2025.

Who are the top competitors of GOVRED?

GOVRED's top competitors include Varjo, Red 6 and ThreyeInc. Among them, Varjo secured the most recent funding round in August, 2025.

GOVRED - 2026 Company Profile, Team, Funding & Competitors

Company Details

GOVRED TECHNOLOGY provides virtual training and simulation solutions for military and law enforcement agencies. The company offers virtual reality simulators both hardware and software. It offers firearms training and combat simulators to the military and provides the use of force, crisis intervention, de-escalation, active shooter, and firearm training simulators to the law enforcement agencies.

Website: govred.com
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Key Metrics

Founded Year

2017

Location

Cedar Rapids, United States

Stage

Seed

Latest Funding Round

Seed, Jun 20, 2017, $*****

Investors

NewBoCo

Ranked

22^nd among 40 active competitors

Employee Count

9 as on Apr 30, 2026

Similar Companies

Varjo & 40 more

View GOVRED's full profile

GOVRED is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
GOVRED TECHNOLOGY, INC. CIN: 821742313 , United States, Active	Dec 31, 1999	-	12 (As on Dec 31, 2024)	-

GOVRED has raised funding over 1 round. Its latest funding round was a Seed round on Jun 20, 2017 for $*****. 1 investor participated in its latest round. GOVRED has 1 institutional investor.

Here is the list of recent funding rounds of GOVRED:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 20, 2017	6271964	Seed	6174272	5580804	7120148	5798494

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View details of GOVRED's funding rounds and investors

The founders of GOVRED is Chase Dittmer.

Here are the details of GOVRED's key team members:

Chase Dittmer: Founder of GOVRED.

View details of GOVRED's Founder profiles and Board Members

GOVRED's employee count trend

GOVRED has 9 employees as of Apr 26. Here is GOVRED's employee count trend over the years:

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Top competitors of GOVRED include Varjo, Red 6 and ThreyeInc. Here is the list of Top 10 competitors of GOVRED, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Varjo 2016, Helsinki (Finland), Series D	Provider of virtual reality headsets	$149M	Foxconn Electronics, Zurcher Kantonalbank ... & 26 others	70/100
2nd	Red 6 2018, Santa Monica (United States), Series B	Developer of AR-based combat training systems	$109M	Snowpoint Ventures, redcell.com & 22 others	63/100
3rd	ThreyeInc 2012, Delhi (India), Seed	Game development studio	-	Newspace Research and Technologies, IIMA Ventures ... & 2 others	50/100
4th	Aechelon Technology 1998, San Francisco (United States), Acquired	Developer of the 3D real-time visual simulation image generator for training	-	Sagewind Capital	49/100
5th	AjnaLens 2014, Mumbai (India), Seed	Manufacturer of mixed reality headset	$13.8M	Nsm Properties, LetsVenture & 69 others	47/100
6th	InVeris Training Solutions 2020, Suwanee (United States), Acquired	Provider of live-fire and virtual weapons training services	-	-	46/100
7th	BISimulations 2001, Prague (Czech Republic), Acquired	Developer of interactive combat simulation software for defense training	-	Riverside	44/100
8th	FAAC 1971, Ann Arbor (United States), Series A	Provider of virtual training simulation software for public safety officers	$10.2M	-	42/100
9th	Riptide Software 1995, Orlando (United States), Acquired	Enterprise cloud-based learning platform provider	$12.1M	Centrecourt Asset Management, Phoenix Logistics	41/100
10th	Classic Tecnologistics & Trade 2020, Delhi (India), Unfunded	Provider of defense technology and logistics solutions	-	-	38/100
22nd	GOVRED 2017, Cedar Rapids (United States), Seed	Provides virtual training and simulation solutions for military and law enforcement agencies	-	NewBoCo	24/100