Sift Secures $42M Series B to Enhance AI Infrastructure for Mission-Critical Machines
Sift has raised $42 million in a Series B funding round led by StepStone, with participation from GV, Riot Ventures, Fika Ventures, and CIV, totaling $67 million in funding. The company aims to expand its engineering team to develop an infrastructure layer for AI-controlled hardware across sectors like aerospace and defense. Sift's platform transforms unstructured sensor data into structured data for effective monitoring and anomaly detection in complex systems.
Theia Market Signal Identification - AI Assisted
Sift announced a $42 million Series B funding round led by StepStone, raising total funding to $67 million. The investment will support the expansion of Sift's engineering team to build AI infrastructure for mission-critical machines in industries such as aerospace and defense.
Sift's technology converts raw sensor data into structured, queryable information, addressing the gap in observability for hardware systems. The company plans to nearly double its workforce and relocate to a larger headquarters in Marina Del Rey. Customers include ULA, Astranis, K2 Space, and Parallel Systems, reflecting the growing demand for scalable AI monitoring solutions.
Comments