Shield AI Raises $165M Series E to Accelerate Building of the World’s Best AI Pilot
SAN DIEGO (June 9, 2022) – Shield AI, a fast-growing defense technology company building AI pilots for aircraft, today announced it has raised $90 million in equity and $75 million in debt as part of a Series E fundraising round, increasing the Company’s valuation to $2.3 billion. With this deal, Shield AI joins Space X, Palantir, and Anduril as the only multi-billion-dollar defense-tech startups of the past 20 years.
“The future of defense aviation is autonomy. AI pilots are the most disruptive defense technology of our generation – and Shield AI is committed to putting the world’s best AI pilots in the hands of the United States and our allies. No company has assembled more or recruits better AI engineering talent for aviation autonomy and intelligent swarming than Shield AI,” said Shield AI’s co-founder and CEO, Ryan Tseng.
The round was led by Snowpoint Ventures’ Doug Philippone, who has also served as Palantir’s Global Defense Lead since 2008, with participation from multiple top-tier venture funds including Riot Ventures, Disruptive, which led Shield AI’s Series D, and Homebrew, which led Shield AI’s seed round. Previous lead investors include Point72, Andreesen Horowitz, Breyer Capital, and SVB Capital.
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