Drone Startup Shield AI Valued at $2.5 Billion in New Funding Round

In a groundbreaking development for the autonomous drone technology sector, Shield AI, a startup specializing in military applications, is set to raise an impressive $150 million in funding.

Sources familiar with the discussions have revealed that this latest round of financing will value the company at an impressive $2.5 billion. While Shield AI has not officially commented on this news, it marks a significant milestone in the company’s journey.

Shield AI is renowned for its innovative software, Hivemind, which essentially acts as a self-driving pilot for aircraft without the reliance on communications or GPS. This unique technology enables drones to operate seamlessly in situations where interference from enemy forces could otherwise disrupt navigation. Such capabilities have garnered Shield AI multiple contracts with the US military, solidifying its position as a key player in the defense technology landscape.

Read more: https://www.yourtechstory.com/2023/09/15/drone-startup-shield-ai-valued-at-2-5-billion-in-new-funding-round/

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Created on Sep 15th 2023 01:52. Viewed 95 times.

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