- Cybersecurity company Shift5 announced that it raised $2.5 million in venture funding led by Squadra Ventures
Shift5 — a cybersecurity company that builds hardware and software products to defend weapon systems, air platforms, and commercial transportation systems — recently announced that it raised an additional $2.5 million round of venture funding.
Squadra Ventures led the round with supporting capital from Lamphere Capital, Outland, Nue Capital, and Emerging Ventures. With this funding round, Shift5 acquire new customers and continue to grow its team.
Based in Arlington, Virginia, Shift5 was founded by three former US Army officers who previously developed cyber capabilities for the military and intelligence communities.
“We defend planes, trains, and tanks from cyberattack,” added Shift5 Dr. Josh Lospinoso, co-founder and Chief Research Officer. “While a cybersecurity ecosystem has bloomed around IP-based computer networks, Operational Technology cybersecurity has seen relatively little innovation. We’re stepping in to fill that gap, defend the nation’s critical infrastructure, and make the technology we rely on everyday safer and more resilient.”
Shift5 is known for working closely with customers in the military and commercial space to implement cybersecurity solutions using Shift5 Intake, Shift5 Engine, and Shift5 Gauge Cluster — which work together to collect, enrich, and analyze serial data running on internal communication networks. And Shift5’s features include intrusion detection and prevention based on static rules and machine-learning techniques, secure code delivery verification to electronic control units, and crew and maintenance fault reporting across many standard and custom protocols.
“We believe Shift5 will become the industry leader in protecting military, and commercial platforms from cyberattacks. We have tremendous confidence in the leadership team, the engineers, and the product. We are thrilled to be a partner in this journey,” added Squadra Ventures managing partner Guy Filippelli.
Shift5’s team includes a number of world-class engineers and cybersecurity experts from the U.S. Army, Office of the Director of National Intelligence, Defense Digital Service at the Department of Defense, Pacific Northwest National Labs, and private industry.
