Defense startup Shield AI is projecting more than $540 million in revenue this year as valuation more than doubles to $12.7 billion
Defense startup Shield AI has raised $1.5 billion in Series G funding, more than doubling its valuation to $12.7 billion. The company is projecting over $540 million in revenue this year, driven by growing demand for its AI-powered drones and autonomy platform.
Shield AI, a San Diego-based defense startup, has raised $1.5 billion in funding. The company's valuation has more than doubled to $12.7 billion. Shield AI is projecting over 80% revenue growth this year, driven by demand for its AI-powered drones and autonomy platform. The funding will be used to acquire tactical simulation company Aechalon and develop new products. Shield AI's systems have been deployed in Ukraine and other conflict zones. The company is expecting significant revenue growth in the coming years.
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