SHIFT5 PRESS RELEASES

Shift5, the observability platform that unlocks fleet and weapon systems onboard data to optimize operational readiness, lethality, and survivability, today announced that the Shift5 Platform has been given “Awardable” status by the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace.

Shift5, the OT cybersecurity company that defends military platforms and critical transportation systems from cyberattacks, today announced that the company has been recognized as an Excellence Award Finalist in the Most Promising Early-Stage Startup category for the 2022 SC Awards.

A new report out today from MeriTalk and underwritten by Shift5, “Redefining Operational Readiness: Enabling the Full Potential of Predictive Maintenance,” surveyed decision-makers and revealed that while the need for predictive maintenance in defense, commercial aviation, and commercial rail is urgent, legacy systems and tooling and a lack of access to real-time onboard data hold back desired adoption. Predictive maintenance allows the owners, operators, and maintainers responsible for transportation an defense fleets to monitor the condition of their fleets and identify issues before they impact safety, availability, or readiness.

Shift5 today announced the launch of the Shift5 Predictive Maintenance Module. The Module leverages the Shift5 platform’s real-time access and analysis of onboard data to deliver actionable insights needed to predict and schedule maintenance effectively. This proactive approach to maintenance helps teams stay ahead of critical failures and support the safety and performance of transportation and defense assets.

Shift5 today announced it has attained SOC 2 Type II certification, certifying the company’s ability to uphold and manage its customers’ data, maintain system availability, process information accurately, and uphold strict confidentiality and privacy principles to the highest standards.

Shift5 today announced it has raised $33 million in additional financing, bringing its Series B round to $83 million. Led by Moore Strategic Ventures, industry stalwarts across defense and commercial aerospace industries, including Booz Allen Hamilton’s corporate venture capital arm, Booz Allen Ventures, and JetBlue Ventures, as well as Teamworthy Ventures, participated in the round, bringing the company’s total venture funding to $108 million.

The fundraise comes amid significant business momentum; in the last year Shift5 more than doubled its annual recurring revenue (ARR), more than doubled its number of customers across Department of Defense (DoD) and commercial aerospace and rail sectors, and grew the rate of its platform deployments on commercial and DoD vehicles and weapon systems by 1,275%.

Shift5 today announced it has been named to JMP Securities Cyber 66 list, which recognizes the 66 hottest privately held cybersecurity companies in 2023.

Shift5 today announced it has achieved its first cross-platform Authority to Operate (ATO) Certification from the U.S. Department of Defense (DoD), validating the resilience and security of Shift5’s technology.

Shift5 today announced its partnership with JetBlue to bring cybersecurity and data observability of onboard avionics to commercial aircraft. Shift5 welcomes JetBlue Ventures as an investor in its Series B round of funding.

Shift5 today announced the release of the Shift5 Compliance Module to help aviation, rail, and defense customers automate compliance efforts for data created on board fleet vehicles. The inaugural release, designed for commercial air operators and in partnership with aviation industry experts, enables the automation of Aircraft Network Security Program (ANSP) requirements for connected aircraft as detailed in Federal Aviation Administration (FAA) Advisory Circular (AC) 119-1.

Shift5 today announced the appointment of General Richard D. Clarke, United States Army (Ret.) to its Board of Directors.

Shift5, the onboard operational technology (OT) data and cybersecurity company for planes, trains, and tanks, today announced updates to its brand.

Shift5 is building a smarter, safer, and more secure world by creating resilient and mission-ready fleets. The evolved look and feel of Shift5 reflects the magnitude of the problem we are solving and the transformational opportunities we unlock for customers through onboard OT data

Shift5, the OT cybersecurity company that defends military platforms and critical transportation systems from cyberattacks, today announced that AEI HorizonX, AE Industrial Partners’ venture capital group formed in partnership with The Boeing Company, has joined the company as an investor in its Series B funding round. Through the longevity and deep networks of AE Industrial Partners and Boeing, AEI HorizonX will enable Shift5 to capitalize on its momentum within the broader aviation ecosystem.

Cybersecurity Leader from Department of Energy, National Security Agency to Drive OT Cybersecurity Threat Intelligence Amid Era of Cyber-Physical Threats