{"id":762407,"date":"2023-06-08T08:03:11","date_gmt":"2023-06-08T12:03:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/booz-allen-invests-in-data-company-shift5\/"},"modified":"2023-06-08T08:03:11","modified_gmt":"2023-06-08T12:03:11","slug":"booz-allen-invests-in-data-company-shift5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/booz-allen-invests-in-data-company-shift5\/","title":{"rendered":"Booz Allen Invests in Data Company Shift5"},"content":{"rendered":"

<\/p>\n

Booz Allen Invests in Data Company Shift5<\/b><\/p>\n

Onboard data platform boosts readiness, resilience of defense and transportation systems<\/b><\/p>\n

MCLEAN, Va.–(BUSINESS WIRE<\/a>)–Booz Allen Hamilton<\/a> (NYSE: BAH) today announced that its corporate venture capital arm, Booz Allen Ventures, LLC, has made a strategic investment in Shift5<\/a>, the onboard data company. Shift5 brings order to the complexity of onboard data, providing observability, critical insights, and cybersecurity protection to the world\u2019s most critical commercial and military fleets and weapon systems. This is the first investment by Booz Allen Ventures aligned with the firm\u2019s National Cyber<\/a> business, which uses a comprehensive view of the cyber landscape and intelligence-grade tradecraft to unlock stronger defensive solutions and deploy full-spectrum cyber capabilities with confidence, precision, and speed.<\/p>\n

\n\u201cThe nation\u2019s adversaries view the U.S. federal government, intelligence agencies, the military, and all critical infrastructure sectors as a single, target-rich environment\u2014one cyber battlespace,\u201d said Brad Medairy<\/a>, executive vice president and leader of Booz Allen\u2019s National Cyber business. \u201cIn this threat landscape, this investment enables us to outpace adversaries and protect U.S. strategic advantage by enhancing weapon systems readiness. Shift5 will be a key enabler of our continued delivery of superior tradecraft for cyber-physical resilience and mission readiness.\u201d<\/p>\n

\nCreated by officers who stood up U.S. Army Cyber Command, Shift5 defends commercial transportation systems and military platforms against operational failures and operational technology (OT) cybersecurity risks. The Shift5 platform enables rapid decision-making for cybersecurity, maintenance, and compliance through complete data access and observability of OT, enabling organizations to improve their cybersecurity posture, reduce and avoid critical failures, and increase operational efficiencies. The company\u2019s technology captures and analyzes real-time serial data, revealing critical operational and cybersecurity insights that enable organizations to move from data to decisions quickly and confidently.<\/p>\n

\n\u201cSince our inception, Shift5 has been laser focused on bolstering readiness and resilience for the DoD, commercial aerospace and rail,\u201d said Josh Lospinoso, CEO and co-founder at Shift5. \u201cOur partnership with Booz Allen will create new ways for our defense, aviation, and rail customers to analyze and action the onboard data from fleets that they\u2019ve historically lacked access to, reducing decision latency and enabling them to stay ahead of critical cybersecurity and operational risks. Doing this allows operators to modernize legacy systems, build next-gen fleets, and improve readiness and availability of critical OT systems.\u201d<\/p>\n

\nBooz Allen\u2019s $100 million corporate venture capital arm furthers Booz Allen\u2019s commitment to invest in strategic dual-use, commercial technologies that will provide federal clients with disruptive technology for critical missions. Previous Booz Allen Ventures investments include Credo AI<\/a>, Hidden Level<\/a>, Latent AI<\/a>, Synthetaic<\/a>, and Reveal Technology<\/a>.<\/p>\n

\n\u201cShift5 is a key enabler of the cyber-physical resilience and readiness of Department of Defense mission systems, highly recognized commercial aviation companies, and critical rail infrastructure,\u201d said Travis Bales<\/a>, managing director at Booz Allen Ventures. \u201cIf critical infrastructure such as these are not fully functional, then national security, public safety, and economic security could be at risk. The work Booz Allen and Shift5 are doing together will unlock value for our clients as we work shoulder-to-shoulder with them to detect attacks and maintain resilience.\u201d<\/p>\n

\nRead more about Booz Allen Ventures<\/a> and the firm\u2019s National Cyber<\/a> business.<\/p>\n

About Booz Allen Hamilton<\/b><\/p>\n

\nTrusted to transform missions with the power of tomorrow\u2019s technologies, Booz Allen Hamilton advances the nation\u2019s most critical civil, defense, and national security priorities. We lead, invest, and invent where it\u2019s needed most\u2014at the forefront of complex missions, using innovation to define the future. We combine our in-depth expertise in AI and cybersecurity with leading-edge technology and engineering practices to deliver impactful solutions. Combining more than 100 years of strategic consulting expertise with the perspectives of diverse talent, we ensure results by integrating technology with an enduring focus on our clients. We\u2019re first to the future\u2014moving missions forward to realize our purpose: Empower People to Change the World\u00ae<\/b>.<\/p>\n

\nWith global headquarters in McLean, Virginia, our firm employs approximately 31,900 people globally as of March 31, 2023 and had revenue of $9.3 billion for the 12 months ended March 31, 2023. To learn more, visit www.boozallen.com<\/a>. (NYSE: BAH)<\/p>\n

\nBAHPR-CO<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230608005017\/en\/<\/a><\/span><\/p>\n

\nMedia Relations: Amanda Allison-Martini, Allison_Amanda@bah.com
\n<\/a>
Investor Relations: Nathan P. Rutledge, Rutledge_Nathan@bah.com<\/a><\/p>\n

KEYWORDS:<\/b> Virginia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Data Management Defense Security Technology Software Government Technology Other Defense<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Booz Allen Invests in Data Company Shift5 Onboard data platform boosts readiness, resilience of defense and transportation systems MCLEAN, Va.–(BUSINESS WIRE)–Booz Allen Hamilton (NYSE: BAH) today announced that its corporate venture capital arm, Booz Allen Ventures, LLC, has made a strategic investment in Shift5, the onboard data company. Shift5 brings order to the complexity of onboard data, providing observability, critical insights, and cybersecurity protection to the world\u2019s most critical commercial and military fleets and weapon systems. This is the first investment by Booz Allen Ventures aligned with the firm\u2019s National Cyber business, which uses a comprehensive view of the cyber landscape and intelligence-grade tradecraft to unlock stronger defensive solutions and deploy full-spectrum cyber capabilities with confidence, precision, and speed. \u201cThe … <\/p>\n

Continue reading “Booz Allen Invests in Data Company Shift5”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-762407","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBooz Allen Invests in Data Company Shift5 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/booz-allen-invests-in-data-company-shift5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Booz Allen Invests in Data Company Shift5 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Booz Allen Invests in Data Company Shift5 Onboard data platform boosts readiness, resilience of defense and transportation systems MCLEAN, Va.–(BUSINESS WIRE)–Booz Allen Hamilton (NYSE: BAH) today announced that its corporate venture capital arm, Booz Allen Ventures, LLC, has made a strategic investment in Shift5, the onboard data company. Shift5 brings order to the complexity of onboard data, providing observability, critical insights, and cybersecurity protection to the world\u2019s most critical commercial and military fleets and weapon systems. 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