Shield AI Raises $200M in Series F; Valued at $2.7 Billion
Summary
Innovative Technology Fund (USIT) and co-led by Riot Ventures, with participation from Cathie Wood’s ARK Invest and returning investors Disruptive and Snowpoint. The company intends to use the funds to • Scale and deploy its V-BAT Teams product domestically and internationally. Led by Brandon Tseng, President, and co-founder, Shield AI builds an AI pilot called Hivemind, which enables teams of intelligent aircraft to operate autonomously in high-threat environments on the edge, without the need for remote operators, command inputs, or GPS. This product enables a single human operator to command a minimum of four V-BATs, generating real-time AI-driven flight paths, and exhibiting dynamic read-and-react behaviors autonomously. In December 2022, Shield AI, along with its government partners, autonomously maneuvered a modified F-16 in real-world air-combat scenarios.