Shift5 nets $50m Series B to shield critical vehicles from cyberattacks

Operational technology security firm Shift5 has secured $50m from a Series B funding round led by Insight Partners.

Founded in 2018, Shift5 provides security for the OT within and used by critical vehicles such as tanks, civilian airlines, locomotives and ships.

 The company highlighted the fleets of critical vehicles generate huge amounts of data every day. Shift5’s data-driven solutions integrate directly onto existing platforms, collecting and enriching data from all their electronic components.

Shift5 remarked that Shift5 customers employ this data to automate menial tasks, improve reliability and safety and make smarter business decisions.

The firm said, “For the first time in history, operators can begin to apply cybersecurity best practices to the operation of these critical systems, dramatically reducing their cyber risk. Shift5 allows operators to gain visibility, detect threats, and maintain resilience of OT systems as cyber-physical attacks become an increasingly likely and attractive strategy for digital attackers.”

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.