Shield AI expands massive Series F with another $300M in equity, debt, scaling valuation to $2.8B
Summary
Shield CEO and co-founder Ryan Tseng credits the capability to recent advances in compute. “AI pilots are becoming a strategic conventional deterrent in class with our aircraft carriers and guided missile submarines,” he said in a statement. “But interestingly, it’s the first strategic deterrent that is software-defined and has only recently become possible because of advances in AI and compute power. That’s a huge paradigm shift for aerospace and defense.” While venture debt gets a bad wrap, it can make a lot of sense — especially for late-stage companies that need an injection of capital to reach the finish line (like profitability or exit). We must get it right.” However, he added that incorporating AI pilots into the DOD’s force structure had been “difficult and murky.” “As we observe new types of warfare, where the large exceptional military arsenals we have built can be incapacitated by small, cheaply built adversary armaments, we need the DoD to change the way it builds its force of the future: switching the paradigm away from what worked in the past and focusing its resources on the next game-changing technological assets,” he said.
Funding
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