Shield AI Secures $165 Million in Series E 

by Kay Aloha Villamor in June 13th, 2022

Shield AI, a San Diego, CA-based defense technology company building AI pilots for aircraft, raised $165 million in Series E funding increasing the valuation to $2.3 billion.

The round was led by Doug Philippone, co-founder of Snowpoint Ventures and global defense lead at Palantir Technologies (NYSE: PLTR), Venture funds including Riot Ventures, Disruptive and Homebrew participated in the funding.

Shield AI will use the capital to advance the development of its artificial intelligence pilot for military and commercial aircraft.

Company: Shield AI, Inc.

Raised: $165.0M

Round: Series E 

Funding Month: June 2022

Lead Investors: Doug Philippone

Additional Investors: Riot Ventures, Disruptive, and Homebrew

Company Website: https://shield.ai/

Software Category: AI Pilot Defense Technology

About the Company: Shield AI is building the world's best AI Pilot. Shield AI is an artificial intelligence company founded in 2015 with the mission to protect service members and civilians with intelligent systems. The company’s Hivemind autonomy stack is the first and only autonomous AI Pilot, deployed in combat since 2018. Hivemind enables intelligent teams of aircraft to perform missions ranging from room clearance to penetrating air defense systems, and dogfighting F-16s. Backed by top-tier Silicon Valley VC funds, Shield AI has established itself as the leader in AI for aviation. Shield AI has been named to Forbes’ AI 50 and Best Startups lists, CB Insights Top 100 AI Companies, and Fast Company’s Most Innovative Companies. The company has offices and facilities in San Diego, Dallas, Washington, D.C., and Abu Dhabi.

Source: https://www.govconwire.com/2022/06/shield-ai-announces-165m-in-series-e-funding-round-for-ai-pilot-development/



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