Shift5, an operational technology (OT) cybersecurity company specializing in transportation infrastructure and weapons systems, this week announced raising $20 million in a Series A funding round.
The funding was led by 645 Ventures, with participation from Squadra Ventures, General Advance, and First In.
Rosslyn, VA-based Shift5 was founded by former members of the U.S. Army Cyber Command and its goal is to provide solutions for protecting planes, trains, tanks and other heavy machinery against cyber threats and operational failures.
The company has developed a solution that relies on an “Intake” component that can be deployed as hardware or software to capture data from vehicles. An algorithmic machine learning engine continuously monitors the data for potential threats.
“Shift5’s data-driven solution integrates directly onto existing vehicle platforms, collecting and enriching data from on-board digital components and continuously monitoring data streams for security and operational anomalies. Its analytics platform provides cybersecurity intrusion detection, smarter maintenance, and improved operational intelligence for fleet operators,” the company said in a press release announcing the funding round.
It added, “Further capabilities allow for firmware and configuration attestation and the ability to protect assets by neutralizing malicious or corrupted payloads. Shift5 also provides specialized services for operational technology cybersecurity areas, such as vulnerability research and capability development.”
Shift5 says it has secured important government contracts, and its solutions have been used by several branches of the U.S. military, as well as major passenger rail systems in the United States.
Related: OT Security Firm Nozomi Networks Raises $100 Million
Related: IoT/OT Device Security Firm NanoLock Raises $11 Million
Related: OT Security Firm SIGA Raises $8.1 Million in Series B Funding Round
Related: OT Cybersecurity Firm Mission Secure Raises $5.6 Million in Series B Funding
Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
More from Eduard Kovacs
- Industry Reactions to Hive Ransomware Takedown: Feedback Friday
- US Reiterates $10 Million Reward Offer After Disruption of Hive Ransomware
- Hive Ransomware Operation Shut Down by Law Enforcement
- UK Gov Warns of Phishing Attacks Launched by Iranian, Russian Cyberspies
- Dozens of Cybersecurity Companies Announced Layoffs in Past Year
- Security Update for Chrome 109 Patches 6 Vulnerabilities
- New Open Source OT Security Tool Helps Address Impact of Upcoming Microsoft Patch
- Forward Networks Raises $50 Million in Series D Funding
Latest News
- Critical Vulnerability Impacts Over 120 Lexmark Printers
- BIND Updates Patch High-Severity, Remotely Exploitable DoS Flaws
- Industry Reactions to Hive Ransomware Takedown: Feedback Friday
- Microsoft Urges Customers to Patch Exchange Servers
- Iranian APT Leaks Data From Saudi Arabia Government Under New Persona
- US Reiterates $10 Million Reward Offer After Disruption of Hive Ransomware
- Cyberattacks Target Websites of German Airports, Admin
- US Infiltrates Big Ransomware Gang: ‘We Hacked the Hackers’
