Posted 12/29/2023, 1:01:44 PM
Shield AI Raises $500M at $2.8B Valuation to Scale AI Pilot Technology for Defense Applications
- Shield AI raises additional $300M in equity and debt, bringing total Series F to $500M and valuation to $2.8B
- The company is developing "AI pilot" technology to enable autonomous flight
- Shield CEO calls AI pilots a "strategic deterrent" on par with aircraft carriers due to advances in AI
- The funding will help Shield AI scale towards profitability and exit
- Shield AI president urges faster adoption of AI pilots by Department of Defense to counter emerging threats