Shield AI is an artificial intelligence company that makes autonomous drone technology for military applications. These systems are capable of collecting and analyzing vast amounts of data in real time, providing invaluable insights that enhance decision-making and improve operational efficiency. In August 2021, the company joined the unicorn club.
Shield AI has raised $200 million in new funding at a $2.7 billion valuation. The new round was led by Thomas Tull’s U.S. Innovative Technology Fund (USIT) and co-led by Riot Ventures. Cathie Wood’s ARK Invest also participated, as did returning investors Disruptive and Snowpoint.
Shield AI, San Diego, California, United States, was founded in 2015 by Andrew Reiter, Brandon Tseng, and Ryan Tseng. “Our nation is faced with the difficult reality that our pilots are too few and the rules-based autonomy solutions too dumb for such swarms to exist,” CEO and cofounder Ryan Tseng said when the company announced V-Bat Teams earlier this month. “Shield AI changes this. For almost nine years, Shield AI has focused on building the world’s best AI pilot from a common AI backbone that is relevant and deployable any aircraft – from quadcopters to F-16’s.”