Shift5

Shift5

Observability platform for onboard OT data

About Shift5

Simplify's Rating
Why Shift5 is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Automotive & Transportation

Cybersecurity

Defense

Company Size

51-200

Company Stage

Series C

Total Funding

$182.1M

Headquarters

Kansas City, Missouri

Founded

2019

Overview

Shift5 provides an observability platform for onboard OT data in defense and transportation fleets. It ingests data from diverse onboard systems through a protocol-agnostic pipeline, analyzes it, and delivers real-time, contextual insights to operations, maintenance, and cybersecurity teams. The platform supports proactive maintenance, threat detection, and automated regulatory compliance, helping assets run safely and reliably. By focusing on OT observability across many protocols and critical assets, Shift5 aims to reduce failures and strengthen cybersecurity across fleets via a subscription service.

Simplify Jobs

Simplify's Take

What believers are saying

  • $75M Series C funds R&D and expansion into defense and transportation markets.
  • NAVAIR contract tests predictive maintenance on V-22 Ospreys since April 2025.
  • Anduril Lattice Mesh integration delivers Army vehicle health metrics in two months.

What critics are saying

  • Interim CEO Toby Magsig replaces Josh Lospinoso, disrupting Series C execution.
  • Air Force contracts comprise 91% of $11.3M revenue, collapsing if DoD shifts.
  • Palantir Foundry undercuts Shift5 in DoD OT analytics contracts within 12 months.

What makes Shift5 unique

  • Shift5's protocol-agnostic platform unlocks data from legacy OT systems in defense fleets.
  • Multi-Protocol Bus Interface Card enables monitoring on modern and legacy vehicles.
  • Founders from U.S. Army Cyber Command pioneered weapons system cyber assessments.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$182.1M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$75M
Shift5
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

401(k) Retirement Plan

401(k) Company Match

Employer-paid Life and Disability Insurance

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-2%

2 year growth

-2%
PR Newswire
Feb 23rd, 2026
Shift5 integrates with Anduril's $99.6M Army command system in two months

Shift5, an operational intelligence platform for defence and transportation systems, has partnered with Anduril Industries on the US Army's Next Generation Command and Control initiative. The company's platform collects and translates vehicle health metrics across different vehicle types, feeding real-time data through Anduril's Lattice Mesh to provide commanders with visibility into readiness and sustainment. Shift5 integrated its capability into Lattice Mesh in two months, enabling live demonstration during the Army's Ivy Sting 4 exercise. The partnership is part of Anduril's $99.6 million prototype effort, which includes collaborators such as Palantir, Microsoft and others. Founded by former military officers who helped establish US Army Cyber Command, Shift5 provides operational intelligence for military and transportation fleets, focusing on threat detection and failure prevention.

Washington Technology
Jan 28th, 2026
Shift5 hires former L3Harris exec as interim CEO

Shift5 hires former L3Harris exec as interim CEO. Shift5's new interim CEO Toby Magsig led the launch of a technology accelerator initiative at L3Harris Technologies. Shift5 photo. Josh Lospinoso, a co-founder and shif5's former chief executive, is transitioning out of day-to-day duties to focus more time and energy on longer-term planning. Shift5, a cybersecurity startup whose backers include Booz Allen's venture capital arm, has hired former L3Harris Technologies executive Toby Magsig as chief executive on an interim basis. Magsig succeeds Josh Lospinoso, co-founder and former CEO, who is transitioning out of day-to-day duties to focus more time and energy on longer-term planning. Shift5 said Monday that Lospinoso will remain on the board of directors at the company he helped start in 2018 alongside his colleagues James Correnti and Michael Weigand. They founded Shift5 to develop software and other types of operational technology products for defense and transportation programs. Operations, maintenance and cybersecurity teams use Shift5's toolset to protect vehicle fleets. In September, Shift5 closed a $75 million Series C raise where Booz Allen Ventures was not the only notable GovCon investor name involved. AE Industrial Partners and Insight Partners also participated in the round. Shift5 has recorded approximately $11.3 million in unclassified prime contract revenue over the trailing 12 months. The Air Force represents 91% of that spend and Special Operations Command makes up the remaining 9%, according to USASpending.gov data. At L3Harris, Magsig most recently worked as vice president and general manager for an enterprise autonomous solutions business unit that included vehicles and other product lines. Magsig also oversaw L3Harris' launch of the LHXelerator initiative for integrating commercial and other categories of nontraditional defense technologies into the company's products. He is also a 26-year Army veteran and commanded the Joint Modernization Command at Army Futures Command.

Yahoo Finance
Jan 26th, 2026
L3Harris executive Toby Magsig joins Shift5 as president and interim CEO

Shift5, an operational intelligence platform for defence and transportation systems, has appointed Toby Magsig as president and interim chief executive. Magsig joins from L3Harris Technologies, where he served as vice president and general manager of Enterprise Autonomous Solutions. Co-founder Josh Lospinoso will transition from day-to-day operations to remain involved as founder and board member, focusing on long-term vision and strategic initiatives. Magsig brings 26 years of Army experience, including commanding the Joint Modernisation Command at Army Futures Command, where he integrated over 110 future technologies across all five armed services. At L3Harris, he led autonomous systems development and launched multiple product lines. He will oversee Shift5's strategy, operations and execution as the Arlington-based company scales its operational intelligence offerings.

PR Newswire
Sep 3rd, 2025
Shift5 Raises $75 Million Series C to Scale Operational Intelligence Platform for Critical Defense and Commercial Transportation Assets

Shift5 raises $75 million Series C to scale Operational Intelligence platform for critical defense and commercial transportation assets.

Benzinga
Sep 3rd, 2025
Shift5 Raises $75M Series C Funding

Shift5 has raised $75 million in Series C funding to enhance its Operational Intelligence platform for defense and commercial transportation sectors. The investment, led by Insight Partners and others, aims to improve cybersecurity and fleet performance. The funding will support R&D, market expansion, and go-to-market operations. Shannon Clark from Palantir joins the board, bringing defense industry expertise. Shift5's platform is used by military and transportation companies for system security and reliability.

Recently Posted Jobs

Sign up to get curated job recommendations

Shift5 is Hiring for 5 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →