Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that highlights Arlington-based startups, founders, and local tech news. Monday Properties is proudly featuring 1515 Wilson Blvd in Rosslyn.
(Updated at 12:05 p.m.) Shift5, a data and cybersecurity company that protects planes, trains and tanks, is heading into 2023 in new and bigger digs in Rosslyn.
In early December, it expanded its office footprint at 1100 Wilson Blvd by 67% to accommodate a swelling employee base. The startup’s workforce grew by more than 50% in 2022, funded by a $50 million Series B fundraising round completed early last year.
The building, owned by column sponsor Monday Properties, is home to restaurant Sfoglina and the headquarters for defense and aerospace company Raytheon Technologies.
Shift5 says the investment in more office infrastructure demonstrates the flexibility, empowerment and responsibility it provides to employees to work wherever is best for them. From its founding in 2019, the startup has permitted its employees across the U.S. to use office space or work remotely.
“Despite economic headwinds, Shift5 has actually expanded our headcount by 54% just this year. Because of the work we do with the government, we have been insulated from a lot of this turmoil and have been fortunate enough to keep growing,” said Shift5 CEO and co-founder Josh Lospinoso in a statement to ARLnow. “We are hybrid-by-design and will remain that way, but some of our teams want to be working in-person and collaborating in real-time.”
The company says its expanded presence in Arlington enables it to continue driving the pace of technology outside of Silicon Valley and keep tabs on decisions the U.S. Department of Defense makes to improve critical infrastructure.
“Shift5 is in a powerful position in the market. We’ve found a beachhead within [the Department of Defense] and have several customers using our technology to help fortify the readiness, lethality, and survivability of the military,” Lospinoso said in a press release. “Such success has helped us invest back into our company, and our people, one of our most valuable assets. Our hybrid-by-design workforce and massive growth are proof points of the fast-growing D.C. metro community.”
The office will hold over 80 desks, spaces for team meetings and activities, flexible workstations with stand-up desks, easily-moveable furniture and dedicated quiet areas. The new office space also includes a wellness room for nursing mothers and for those who would like to address physical and mental health needs during the work day.
2022 was a big year for Shift5. In addition to the $50 million fundraising round, it appointed three C-level executives: its inaugural Chief Financial Officer, Chief Research Officer and Chief Technology Officer. It was named a Northern Virginia Technology Council (NVTC) Capital Cyber Award Finalist and Tech 100 Honoree, and recognized as an “Excellence Award Finalist” in the Most Promising Early-Stage Startup category for the 2022 SC Awards, which honor the American solutions, companies and people advancing cybersecurity.
It also secured multiple government and military contracts. Shift5 technology is used to monitor weapon system cyber health on aircraft, protect defense department weapons, provide technology for defensive cyberspace operations and provide cybersecurity for a network used by all military branches to share information and make decisions faster.