Shield AI Raises Additional Capital in Series F, Boosts Total Amount to $500M
Funding will accelerate deployment of AI pilots to different classes of aircraft
SAN DIEGO, Dec. 29, 2023 /PRNewswire/ — Shield AI, the defense technology company building the world’s best AI pilot for aircraft, today announced the expansion of their Series F funding round to a total of $500 million. An additional $100M in equity, raised at the Series F price, and $200M in debt from Hercules Capital were added to the initial $200M in equity closed in November.
“AI pilots are becoming a strategic conventional deterrent in class with our aircraft carriers and guided missile submarines. But interestingly, it’s the first strategic deterrent that is software-defined and has only recently become possible because of advances in AI and compute power. That’s a huge paradigm shift for aerospace and defense,” said Ryan Tseng, Shield AI’s CEO and Cofounder.