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Shield AI Raises $2 Billion; Acquiring Software Simulation Company Aechelon To Strengthen AI Pilot

Cal Biesecker By
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Shield AI Raises $2 Billion; Acquiring Software Simulation Company Aechelon To Strengthen AI Pilot
Pictured is the design of Shield AI's X-BAT (Courtesy: Shield AI)

Shield AI on Thursday said it has raised $2 billion in new funding, including a $1.5 billion Series G round to buy defense software firm Aechelon and continue development of Shield AI’s new jet fighter drone. The Series G round was co-led by the global private equity firm Advent International and the Strategic Investment Group of JPMorganChase. Blackstone is also investing $500 million of preferred equity financing, bringing Shield AI’s total raise to $2 billion. X-BAT is Shield AI’s vertical…

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