202329 Dec

USA-based Shield AI announces expansion of Series F funding totalling USD 500 million

Summary

The product enables teams of intelligent aircraft to operate as well as complete missions autonomously in high-threat environments. It further enables teams of V-BATs to execute missions, autonomously reading as well as reacting to each other and the environment just as a team of humans would normally pilot them.What the companys official has to addRyan Tseng, Shield AIs CEO and co-founder, said, AI pilots are becoming a strategic conventional deterrent in class with our aircraft carriers and guided missile submarines. Thats a huge paradigm shift for aerospace and defence.In addition, Brandon Tseng, Shield AIs President, co-founder, and former Navy SEAL, commented, The defense and investment communities are seeing the profound impact AI pilots will have on national security and global stability. AI pilots solve the electronic warfare (GPS- and communications-jamming) problem thats devastating 10,000 drones per month in the Russia-Ukraine War, and they enable the operating concept of intelligent, affordable mass, where swarms of affordable aircraft can accomplish missions normally reserved for expensive, exquisite aircraft.Andrew Reiter, Brandon Tseng, and Ryan Tseng launched the company in 2015. Its AI pilot, Hivemind, has flown a fighter jet (F-16), a vertical takeoff and landing drone (V-BAT), and a quadcopter (Nova).To explore more such startups, visit Zefyron Startup DatabaseFor more extensive analysis and Market Intelligence reports, feel free to approach us.We try our best to fact-check and bring well-researched as well as non-plagiarized content to you.

Source: Vcbay

Funding

$200M
Amount
Dec 29 2023
Date
-
Investor
Shield AI
Company

Classifications

Companies