Sign In
Search
Business/Financial

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

Cal Biesecker By
SHARE:
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…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Air Force

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Army

Official: UAS Marketplace Likely Not Army’s ‘Primary’ Option For Buying Launched Effects

Army

Army’s SkyFoundry Plan To Build Own Cheap Drones Has ‘Evolved,’ Official Notes Commercial Involvement

Trending

Army Officially Launches ‘Amazon-Like’ UAS Marketplace
Lockheed Martin Rolls Out Low-Cost Containerized Grizzly Launcher
Defense Watch: Railgun Testing, DOGE Endures, FAMM Engines, Faster FMS
U.S. And Japan Conduct First SPY-7 ASEV Live Tracking Test
Space Force Adds Portfolio Acquisition Executives For Four More Mission Areas

Congress Updates

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume