Shift5 Valuation, Funding & Investors

Shift5 is valued at $591M as of September 2025.

Last Shift5 valuation

$591M

Series C · Sep 2025

Last Shift5 funding round

$75M

Series C · Sep 2025

Cumulative funding Shift5 raised

$181M

across 5 funding rounds

Key investors in Shift5

  • General Advance
  • Squadra Ventures
  • Insight Partners
  • 645 Ventures
  • Moore Strategic Ventures
  • Booz Allen Ventures

Shift5 Overview

About Shift5

Shift5 is an operational technology cybersecurity company that monitors and protects onboard systems in complex hardware environments, including military platforms, commercial aircraft, trains, and other critical transportation vehicles. Its platform analyzes serial bus traffic and radio frequency data to detect cyber threats and equipment failures in real time across aviation, rail, maritime, and ground vehicle fleets. Founded in 2018 and based in the Washington, D.C. area, the company counts Boeing, Amazon Web Services, and Booz Allen Hamilton among its partners, and serves customers spanning multiple branches of the U.S. military as well as commercial airlines.


Founded

2019

HQ

United StatesUnited States

Website

shift5.io

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Subscription

Valuation

$591M (Sep 2025)

Shift5 Valuation

Shift5 is currently valued at $591M, based on its Series C in September 2025.

The $75M round was led by Hedosophia, with participation from AE Industrial Partners, Squadra Ventures, Center15 Capital, Disruptive, Booz Allen Ventures and 5 other investors.

Shift5 valuation by funding round

Shift5 valuation by funding round
DateStageValuation
Sep 2025Series C$591M

Shift5 Funding History

Shift5 has raised a total of $181M across 5 funding rounds.

Shift5's first fundraising round was a $3M seed round in September 2019. The most recent completed round was a $75M Series C in September 2025.

Shift5 funding rounds

Shift5 funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2025Series CHedosophia (lead); AE Industrial Partners; Squadra Ventures; Center15 Capital; Disruptive; Booz Allen Ventures; 645 Ventures; CSP Equity Partners; Insight Partners; Moore Strategic Ventures; Savano Capital Partners$75M$591MShift5 is an operational intelligence platform headquartered in Rosslyn, Virginia, specializing in cybersecurity and real-time threat detection for defense and commercial transportation systems. The platform analyzes serial bus traffic and radio frequency data to identify threats in critical infrastructure across aviation, rail, maritime, and ground vehicle industries. The company was founded in 2018 and has established partnerships with major organizations including Boeing, Amazon Web Services, Booz Allen Hamilton, Carahsoft Technology, Avionica, and ForeFlight. Shift5 raised $75 million in Series C funding in September 2025, led by Hedosophia with participation from Insight Partners, Center 15 Capital, 645 Ventures, Moore Strategic Ventures, Booz Allen Ventures, Squadra Ventures, AE Industrial, Disruptive, CSP Equity Partners, and Savano Capital Partners. The post-money valuation was $590.82 million. The company used the funding to accelerate research and development for next-generation operational technology capabilities, expand go-to-market operations, and scale its presence across defense and commercial transportation sectors. This round came approximately two years after a $33 million Series B funding in 2023. According to USASpending.gov data, Shift5 recorded $14.9 million in unclassified prime contract revenue over the trailing twelve months prior to the announcement, with all revenue from defense agencies.
Jun 2023Series BMoore Strategic Ventures (lead); Teamworthy Ventures; JetBlue Ventures; Booz Allen Ventures$33M-Shift5 is an Arlington, Virginia-based onboard data and cybersecurity company founded in 2019 that specializes in monitoring and protecting operational technology (OT) systems in complex hardware environments including military platforms, commercial aircraft, trains, and other critical transportation systems. The company's platform provides real-time observability into onboard assets and captures, contextualizes, and analyzes data from vehicles and weapon systems to enable better operational decision-making and enhance fleet resilience and safety. In June 2023, Shift5 closed an additional $33 million in Series B financing led by Moore Strategic Ventures, with participation from Booz Allen Ventures (the corporate venture arm of Booz Allen Hamilton), JetBlue Ventures, and Teamworthy Ventures, bringing the total Series B round to $83 million and cumulative venture funding to $108 million (having previously raised $50 million in February 2022). At the time of this extension, the company reported significant operational momentum: it had more than doubled its annual recurring revenue and customer count, grew its deployment rate on commercial and Department of Defense vehicles and weapon systems by 1,275%, processed more than 37 billion data points for customers over the prior year, captured more than 8,500 operational hours from fleets, secured a 92% retention rate with in-production customers, increased deployment within a Fortune 500 commercial airline by 25%, and achieved its first cross-platform Authority to Operate (ATO) Certification from the U.S. Department of Defense. The company's customers spanned multiple U.S. military branches (Army, Navy, Air Force, Space Force, and Special Operations Command) as well as commercial entities including major airlines. Proceeds from the June 2023 funding round were earmarked for hiring, product engineering, user experience enhancements, and expansion into new markets; the company also expanded its Arlington office footprint and strengthened its executive team during this period.
Feb 2022Series BInsight Partners (lead); General Advance; JHH vc$50M-Shift5 is an Arlington, Virginia-based cybersecurity company founded in 2019 that provides operational intelligence and monitoring capabilities for defense and critical transportation systems including aircraft, rail, maritime, and military vehicles. The company's platform analyzes serial bus traffic and radio frequency data to detect cyber threats and infrastructure failures in near real-time across aging and cyber-vulnerable operational technology (OT) systems. In February 2022, Shift5 closed a $50 million Series B funding round led by Insight Partners, less than four months after completing a $20 million Series A in late 2021. This Series B came during a resurgence of investor interest in OT security following a several-year lull in the sector. Shift5 has since raised additional capital, including a $75 million Series C led by Hedosophia in September 2025, bringing total reported funding to at least $147.5 million across four rounds. The company operates partnerships with major defense and technology firms including Booz Allen Hamilton, Boeing, Amazon Web Services, Carahsoft, and others, and reported $14.9 million in unclassified prime contract revenue from defense agencies over the trailing twelve months as of the Series C announcement in 2025.
Oct 2021Series A645 Ventures (lead); Squadra Ventures; General Advance; First In; J2 Ventures$20M-Shift5 is an operational intelligence platform focused on cybersecurity for defense and transportation systems, including aviation, rail, maritime, and ground vehicles. The company, based in Rosslyn/Arlington, VA, provides OT monitoring to detect threats and anticipate failures in critical infrastructure. In October 2021, Shift5 raised $20 million, as announced by investor 645 Ventures. This appears to be a Series A extension or similar round, following a seed in 2019 and preceding later Series A tranches in August 2021 ($15M and $3.43M). 645 Ventures led this $20M round, with participation from First In, General Advance, J2 Ventures, and Squadra Ventures. Subsequent rounds include a $50M Series B in February 2022 led by Insight Partners, another Series B of $33M in June 2023, and a $75M Series C in September 2025 led by Hedosophia with 645 Ventures and Squadra Ventures participating again. Total funding across rounds reached $147.5M by 2025. Shift5 has shown momentum in defense and commercial markets, partnering with entities like Booz Allen for cyber-physical defense. The 2025 Series C funds R&D, go-to-market expansion, and scaling OT capabilities amid rising cybersecurity threats.
Sep 2019SeedSquadra Ventures (lead); Emerging Ventures Seed Fund; General Advance; Lamphere Capital; Outland Group; Neu Capital$3M-Shift5 is a cybersecurity company founded by three former US Army officers that builds hardware and software products to defend weapon systems, air platforms, and commercial transportation systems. The company's platform includes Shift5 Intake, Shift5 Engine, and Shift5 Gauge Cluster, which work together to collect, enrich, and analyze data running on internal communication networks, with capabilities including intrusion detection and prevention using static rules and machine learning techniques, secure code delivery verification, and fault reporting across standard and custom protocols. In September 2019, Shift5 raised $2.5 million in seed funding led by Squadra Ventures, with participation from Lamphere Capital, Outland, Nue Capital, and Emerging Ventures. The company planned to use the capital to acquire new customers and grow its team, which included engineers and cybersecurity experts from the U.S. Army, Office of the Director of National Intelligence, Defense Digital Service, Pacific Northwest National Labs, and private industry.

Who has invested in Shift5?

21 investors have backed Shift5 across its funding rounds, including General Advance, Squadra Ventures, Insight Partners, 645 Ventures, Moore Strategic Ventures and Booz Allen Ventures.

Lead investors include Hedosophia, Moore Strategic Ventures, Insight Partners, 645 Ventures and Squadra Ventures.


Shift5 Investors

Investors in Shift5 by funding rounds participated
InvestorHQRoundsRoleFirst check
Squadra VenturesUnited StatesBaltimore, MD3LeadSep 2019
General AdvanceUnited StatesNew York City, NY3ParticipantSep 2019
Booz Allen VenturesUnited StatesSan Francisco, CA2ParticipantJun 2023
645 VenturesUnited StatesUnited States2LeadOct 2021
Insight PartnersUnited StatesNew York City, NY2LeadFeb 2022
Moore Strategic VenturesUnited StatesNew York City, NY2LeadJun 2023
AE Industrial PartnersUnited StatesBoca Raton, FL1ParticipantSep 2025
Teamworthy VenturesUnited StatesUnited States1ParticipantJun 2023
Center15 CapitalUnited StatesWashington, DC1ParticipantSep 2025
DisruptiveUnited StatesAustin, TX1ParticipantSep 2025
Emerging Ventures Seed FundUnited StatesOwensboro, KY1ParticipantSep 2019
Lamphere CapitalUnited StatesNew York City, NY1ParticipantSep 2019
Outland GroupUnited StatesLos Angeles, CA1ParticipantSep 2019

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Shift5 Competitors

Shift5 competitors include listed companies like GB Group, Beijing VRV Software and Baudroie, and private ones like Malwarebytes, Vannevar Labs and Rebellion Defense.

Public and private companies comparable to Shift5
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MalwarebytesUnited StatesSan Jose, CAPrivate$100M-$625M6.3x
Vannevar LabsUnited StatesSan Francisco, CAPrivate$25M-$554M22.2x
GB GroupUnited KingdomUnited KingdomPublicly listed$383M($45M)$489M1.6x
Rebellion DefenseUnited StatesWashington, DCPrivate--$1B-
Beijing VRV SoftwareChinaChinaPublicly listed$46M($44M)$595M-
BaudroieJapanJapanPublicly listed$112M$24M$595M4.3x

Shift5 Public Comps

Shift5 is still privately-owned, but its public comps include Beijing VRV Software, Baudroie, Smith & Wesson, Sansec, Aerostar, Officina Stellare, Niewiadów Polish Military Group, Ruger, eMudhra and Global Security Experts.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Beijing VRV Software$46M($44M)13.1x-(13.6x)-
Baudroie$112M$24M5.2x4.3x24.7x21.0x
Smith & Wesson$524M$61M1.2x1.2x10.6x9.3x
Sansec$83M($2M)6.1x5.4x(310.1x)(388.8x)
Aerostar$138M$27M3.5x-18.1x-
Officina Stellare$20M$9M28.8x-62.7x-
Niewiadów Polish Military Group$19M$1M34.5x-499.2x-
Ruger$546M$13M1.0x0.9x41.8x12.1x

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Common questions about Shift5

When was Shift5 founded?Shift5 was founded in 2019.
Where is Shift5 headquartered?Shift5 is headquartered in United States.
Is Shift5 publicly listed?No, Shift5 is a private, VC-backed company.
What is Shift5's valuation?Shift5 was last valued at $591M in its Series C in September 2025.
How much funding has Shift5 raised?Shift5 has raised $181M across 5 funding rounds.
What was Shift5's last funding round?Shift5's last funding round was a $75M Series C in September 2025, led by Hedosophia.
Who are Shift5's investors?Shift5's investors include Squadra Ventures, General Advance, Booz Allen Ventures, 645 Ventures, Insight Partners, Moore Strategic Ventures, AE Industrial Partners, Teamworthy Ventures, Center15 Capital, Disruptive and 11 others.
Which companies are comparable to Shift5?Companies comparable to Shift5 include Malwarebytes, Vannevar Labs, GB Group, Rebellion Defense, Beijing VRV Software and Baudroie.

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