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.
eSimplicity announced on LinkedIn Tuesday that Richard Smith has been appointed vice president and general manager of defense and national security. What…