Shield AI Raises Additional Series F Funding

Shield AI Raises Additional Series F Funding

Shield AI, a San Diego, CA-based defense tech company has expanded its Series F funding round to $500 million, adding $100M in equity and $200M in debt funding.

The investment was from Hercules Capital.

Hercules Capital is a venture capital firm. The firm provides venture debt to technology, life sciences, and renewable technology industries.

The company will use the funding to accelerate the deployment of AI pilots to different classes of aircraft.

Founded in 2015, Shield AI is a venture-backed defense technology company whose mission is to protect service members and civilians with intelligent systems. Its AI pilot, Hivemind, has flown a fighter jet (F-16), a vertical takeoff and landing drone (V-BAT), and a quadcopter (Nova). The software-defined AI pilots act as a strategic conventional deterrent, marking a paradigm shift in aerospace and defense. The company has offices in San Diego, Dallas, Washington, D.C., and abroad. Shield AI's products and people are currently in the field actively supporting operations with the U.S. Department of Defense and U.S. allies.

Funding Details

Company: Shield AI, Inc.

Raised: $300.0M

Round: Series F

Funding Month: December 2023

Lead Investors: Hercules Capital

Additional Investors:

Company Website: https://shield.ai/

Software Category: AI Pilot