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Foley Hoag Represents Shift5 in $20M Series A Financing

October 14, 2021

Foley Hoag LLP represented Shift5, an OT cybersecurity company that defends military platforms and commercial transportation systems from cyberattacks, in closing a $20 million Series A funding led by 645 Ventures, with participation from Squadra Ventures, General Advance, and First In. Shift5 plans to use the funds to hire world-class talent, advance Shift5’s platform, and bring cybersecurity to the trillions of dollars in fleet assets moving the world.

Shift5 is an OT cybersecurity company that protects transportation infrastructure and weapons systems from cyberattacks. Created by founding members of the U.S. Army Cyber Command who pioneered modern weapons system cyber assessments, Shift5 defends military platforms and commercial transportation systems against malicious actors and operational failures. Customers rely on Shift5 to detect threats and maintain the resilience of a wide variety of operational technology systems, including aviation, rail and metro, defense, helicopters, and other heavy fleet machinery. 

Foley Hoag attorneys Colin Kirby, Laura Trumbull and Alexandra Bender represented Shift5 in the transaction.