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Shield AI Gets $60 Million Boost To Funding Round

Cal Biesecker By
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Shield AI Gets $60 Million Boost To Funding Round
V-BAT medium-size UAS in a maritime application. V-BAT is a Shield AI product. Photo: Shield AI

Shield AI this week said it received another $60 million equity investment to funding round that previously closed at $165 million, giving the small defense technology startup more firepower to accelerate the development of artificial intelligence (AI) pilots. With the new funding from the U.S. Innovative Technology Fund, the Series E funding round is closed at $225 million, with $150 million in equity and $75 million in debt. Shield AI is developing software it calls Hivemind that is an AI…

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