Shift5 Announces AEI-Boeing Venture Group’s Participation in Series B Funding Round

Shift5an Arlington, Va.-based cybersecurity firm has closed a series of Series B Funding led by Insight Partners and announced the participation of AEI Horizon Xa venture capital group formed by AE Industry Partners and Boeing (NYSE: BA), in the funding round.

Investment will allow 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 fleet asset data to detect cybersecurity threats and improve operational efficiency and operational technology resilience. systems, the company said Thursday.

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

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