Shield AI in Talks to Raise $1 Billion at $12 Billion Valuation
A Shield AI vertical take off and lift Artificial Intelligence piloted Unmanned Aircraft System at the 2024 Farnborough International Airshow.
Photographer: Justin Tallis/AFP/Getty ImagesDefense startup Shield AI is in talks to raise as much as $1 billion in a deal that would more than double its valuation in less than a year, according to people familiar with the efforts.
The new round would value Shield AI at about $11 billion before the capital, or up to $12 billion after the raise, according to the people, who asked not to be identified discussing private information. The talks are still ongoing and the terms of the deal could change.