Defense technology startup Shield AI valued at $12.7 billion in latest funding round
Shield AI raises $2 billion at $12.7 billion valuation
Defense technology startup Shield AI has raised $2 billion in a Series G funding round, achieving a valuation of $12.7 billion. Led by Advent International and JPMorganChase, the funding will support the expansion of its artificial intelligence-powered software, particularly in response to increased demand for autonomous technologies in military operations. The company also plans to acquire Aechelon Technology to enhance its simulation capabilities for military applications.
Key Takeaways
- 1.
The Series G funding round was led by Advent International and JPMorganChase.
- 2.
Blackstone-managed funds are investing $500 million in preferred equity.
- 3.
Shield AI plans to acquire Aechelon Technology to enhance its simulation capabilities.
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