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Business/Financial

Shield AI Raises $165 Million In Funding Round To Accelerate Autonomous Piloting

By Cal Biesecker

Thursday, June 9th, 2022

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Shield AI Raises $165 Million In Funding Round To Accelerate Autonomous Piloting

V-BAT medium-size UAS in a maritime application. V-BAT is a Shield AI product. Photo: Shield AI

Defense technology startup Shield AI has closed a $165 million funding round that the company said will be used to accelerate the development artificial intelligence (AI) pilots, including in degraded GPS and communications environments. Shield AI said that with the investment it is now the fourth startup valued in the multi-billion-dollar range in the past 20 years, joining SpaceX, Palantir [PLTR] and Anduril. The company said its valuation is $2.3 billion. The latest funding round included $90 million in equity…

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