Defense startup Shield AI lands $12.7B valuation, up 140%, after US Air Force deal | TechCrunch

Image for article Defense startup Shield AI lands $12.7B valuation, up 140%, after US Air Force deal | TechCrunch
News Source : TechCrunch

News Summary

  • Autonomous military aircraft maker Shield AI has raised $1.5 billion in Series G funding at a $12.7 billion post-money valuation.
  • The deal was led by PE firm Advent (which has a $1 billion budget to invest in defense tech) This capital is helping Shield acquire Aechelon Technology, maker of flight simulation tech used to train U.S. military pilots.
  • Shield’s software was selected to work with competitor Anduril for its “Fury” autonomous fighter jet.
Autonomous military aircraft maker Shield AI has raised $1.5 billion in Series G funding at a $12.7 billion postmoney valuation, the company announced on Tuesday. The deal was led by PE firm Advent [+1470 chars]

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