Shift5 Raises $33 Million for its Series B

Shift5 is a cybersecurity company that specializes in protecting critical systems in the transportation, defense, and manufacturing industries. With a team of experts in cybersecurity, engineering, and military operations, Shift5 uses advanced technology to safeguard these essential systems against potential threats.

Shift5 has raised $33 million in additional financing for its Series B led by Moore Strategic Ventures. Booz Allen Ventures, JetBlue Ventures, and Teamworthy Ventures also took part in the round. Shift5 initially raised $50 million in February 2022, led by Insight Partners. In total, the company has raised $105.5 million till that moment.

Shift5, Arlington, Virginia, United States, was founded in 2019 by Josh Lospinoso. “The work Shift5 does is foundational – the endless data we capture, add context to, analyze and provide insights around creates a wholly new paradigm for fleet operators and maintainers to make decisions. And in the context of innovations and modern threats, this level of specificity is needed. Our expanded round not only validates the successes of the Shift5 business, but will help us support overall safer, more reliable, and resilient commercial transportation and military fleets,” said Shift5 CEO and Co-Founder Josh Lospinoso.

Previous Post

Lenskart Raises $100 Million in Funding from ChrysCapital

Next Post

KoBold Metals Raises $195 Million at $1.15 Billion Valuation

Related Posts