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Shield AI Eyes $1B Funding Boost Amid Defense Boom
13 Feb
Summary
- Shield AI is in talks to raise up to $1 billion.
- This funding could value the company at $12 billion.
- The company develops AI software for autonomous drones.
Defense technology firm Shield AI is reportedly in negotiations to raise as much as $1 billion. The deal, if finalized, would significantly increase the company's valuation to approximately $11 billion before the capital infusion, or up to $12 billion afterward. This potential funding round highlights robust investor enthusiasm for AI and defense sector advancements.
Shield AI develops artificial intelligence software designed to operate autonomous vehicles and hardware, particularly drones. Their products are gaining traction as global defense spending increases. The company previously raised $240 million in March, achieving a $5.3 billion valuation.
Among Shield AI's notable innovations is the X-BAT, an autonomous fighter jet capable of vertical takeoff and landing. They also provide the US military with the V-BAT drone for surveillance and reconnaissance, which also features vertical takeoff and landing capabilities.
