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  • Friday, November 22, 2024

Shift5 Announces Involvement of AEI-Boeing Venture Group in Series B Funding Round

Shift5, an Arlington, Virginia-based cybersecurity company, has closed a round of Series B financing led by Insight Partners and announced the participation of AEI HorizonX, a venture capital group formed by AE Industrial Partners and Boeing (NYSE: BA), in the funding round.

The investment will enable Shift5 to expand its footprint in the defense and aerospace markets and bring to market a platform designed to help defense, aerospace and rail companies gain visibility into data of fleet assets to detect cybersecurity threats and improve operational efficiency and resilience of operational technology systems, the company said Thursday.

“The only way for aerospace and defense operators to ensure the resiliency of their business-critical assets is by gaining complete visibility into them. Access to OT data enables teams to have more productive discussions and make mission-critical decisions in real-time,” said Josh Lospinoso, CEO and co-founder of Shift5. “ 

“We’re thrilled to work with AEI to bring modern cybersecurity capabilities and situational awareness to planes, trains, and tanks,” Lospinoso added.

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