Overview

Shift5 offers an observability platform that focuses on cybersecurity and data analytics for operational technology (OT) in defense and transportation sectors. The platform collects and analyzes data from onboard systems, such as buses and weapon systems, and is protocol-agnostic, allowing it to adapt to various data communication protocols. By providing real-time insights, Shift5 helps clients improve safety, maintenance scheduling, and threat detection. The company's goal is to enable better decision-making to enhance the reliability and performance of their fleets.

Simplify's Take

What believers are saying

• Shift5 secured a contract with the U.S. Navy for V-22 Ospreys.
• The partnership with Carahsoft expands market reach in government sectors.
• Recent $33 million funding round indicates strong investor confidence.

What critics are saying

• Emerging startups in OT cybersecurity could threaten Shift5's market share.
• Rapid evolution of cyber threats requires continuous adaptation and innovation.
• Potential regulatory changes could impose additional compliance costs on Shift5.

What makes Shift5 unique

• Shift5 offers a protocol-agnostic platform for diverse OT systems.
• The company provides real-time data-driven insights for defense and transportation sectors.
• Shift5's multi-protocol Bus Interface Card enhances adaptability across modern and legacy systems.

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Funding

Total Funding

$107M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Insight Partners

Notable Investors:

Insight Partners

$33,000,000

Series B

Jun 2023

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Meet Average

Industry standards

Ind Avg. $35M

$4M

$30M

$33M

$45M

$65M

$100M

View all funding stages