Shield AI, a San Diego, CA-based defense tech company has expanded its Series F funding round to $500 million, adding $100M in equity and $200M in debt funding.
SaaS Investors
The investment was from Hercules Capital.
Hercules Capital is a venture capital firm. The firm provides venture debt to technology, life sciences, and renewable technology industries.
Shield AI Use of Funds
The company will use the funding to accelerate the deployment of AI pilots to different classes of aircraft.
About Shield AI
Founded in 2015, Shield AI is a venture-backed defense technology company whose mission is to protect service members and civilians with intelligent systems. Its AI pilot, Hivemind, has flown a fighter jet (F-16), a vertical takeoff and landing drone (V-BAT), and a quadcopter (Nova). The software-defined AI pilots act as a strategic conventional deterrent, marking a paradigm shift in aerospace and defense. The company has offices in San Diego, Dallas, Washington, D.C., and abroad. Shield AI's products and people are currently in the field actively supporting operations with the U.S. Department of Defense and U.S. allies.
Funding Details
Company: Shield AI, Inc.
Raised: $300.0M
Round: Series F
Funding Month: December 2023
Lead Investors: Hercules Capital
Additional Investors:
Company Website: https://shield.ai/
Software Category: AI Pilot
Source: https://www.prnewswire.com/news-releases/shield-ai-raises-additional-capital-in-series-f-boosts-total-amount-to-500m-302023498.html