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  • Thursday, December 26, 2024
PRNewswire

AI Pilot Developer Shield AI Closes $200M Series F Funding Round

Shield AI, which is developing an artificial intelligence pilot for aircraft, has secured $200 million in a round of Series F financing led by U.S. Innovative Technology Fund and co-led by Riot Ventures.

ARK Invest, Disruptive and Snowpoint participated in the oversubscribed funding round, which brings Shield AI’s valuation to $2.7 billion.

“This funding accelerates the scaling of Shield AI’s products, enabling the deployment of intelligent, affordable mass—the most important non-nuclear deterrent for the next 30 years,” Brandon Tseng, co-founder and president of Shield AI, said in a statement published Tuesday.

Shield AI will use the capital to scale and field its vertical take-off and landing unmanned aircraft system, V-BAT Teams, in the U.S. and international market and advance the integration of its AI pilot with uncrewed third-party fighter jets.

V-BAT Teams is powered by Shield AI’s Hivemind AI pilot, which is designed to enable teams of intelligent aircraft to perform autonomous operations in high-threat environments without the need for GPS, command inputs or remote operators.

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