Shield AI, a San Diego-based defense technology startup, has secured $240 million in funding, raising its valuation to $5.3 billion and positioning it as the second-largest defense tech startup in the U.S. by valuation. The company specializes in drones and AI-powered military systems, particularly its Hivemind software, which allows autonomous flights for fighter jets and drones. Shield AI aims to expand its client base by offering Hivemind to robotics firms. Notable investors include defense giant L3Harris and Hanwha Aerospace, further emphasizing the surge of interest in autonomous technology within the defense sector.
Shield AI, the San Diego defense tech startup that builds drones and other AI-powered military systems, has raised a $240 million round at a $5.3 billion valuation.
With its Hivemind software, Shield AI enables fighter jets and drones to fly autonomously; now it aims to sell Hivemind to robotics companies.
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