Defense Firm Shield AI Raises $200 Million at $2.7 Billion Value
Oct 31, 2023 - news.bensbites.co
Defense technology startup Shield AI has successfully raised $200 million in a new funding round, bringing its valuation to $2.7 billion. The company, which specializes in the production of autonomous drones and other military technology for the US and its allies, confirmed the successful fundraise in an interview with co-founder and president Brandon Tseng.
Shield AI's autonomous drone software is capable of operating without a remote pilot or GPS. The recent investment round included contributions from Thomas Tull’s USIT, Riot Ventures, and Cathie Wood’s ARK. The new funding will likely be used to further develop and expand Shield AI's innovative defense technology offerings.
Key takeaways:
Defense technology startup Shield AI has raised $200 million in a new funding round.
The company, which develops autonomous drones and other military technology, now has a valuation of $2.7 billion.
Shield AI's technology is used by the US and its allies.
The funding details were confirmed by co-founder and president Brandon Tseng.
