Shift5 Raises $20 Million in Series A  

by Kay Aloha Villamor in October 13th, 2021

Shift5, an Arlington, Virginia-based OT cybersecurity company that defends military platforms and commercial transportation systems from cyberattacks, raised $20 million in Series A funding.

The round was led by 645 Ventures, with participation from Squadra Ventures, General Advance, and First In.

The company intends to use the funds to continue to expand operations and its business reach.

Company: Shift5 Inc.

Raised: $20.0M

Round: Series A

Funding Month: October 2021

Lead Investors: 645 Ventures

Additional Investors: Squadra Ventures, General Advance, and First In

Company Website: https://www.shift5.io/

Software Category: Operational technology (OT) cybersecurity 

About the Company: Led by Josh Lospinoso, co-founder and CEO, and Joe Lea, President, Shift5 is an OT cybersecurity company that protects the world’s transportation infrastructure and weapons systems from cyberattacks. It defends military platforms and commercial transportation systems against malicious actors and operational failures. Shift5’s data-driven solution integrates directly onto existing vehicle platforms, collecting and enriching data from onboard digital components and continuously monitoring data streams for security and operational anomalies. Its analytics platform provides cybersecurity intrusion detection, smarter maintenance, and improved operational intelligence for fleet operators. Further capabilities allow for firmware and configuration attestation and the ability to protect assets by neutralizing malicious or corrupted payloads. Shift5 also provides specialized services for operational technology cybersecurity areas, such as vulnerability research and capability development.

Source: https://www.finsmes.com/2021/10/shift5-raises-20m-in-series-a-funding.html

 


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