Hercules Capital

Assembly Line

Shield AI Raises Additional Capital in Series F, Boosts Total Amount to $500M

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Shield AI, Hercules Capital

Shield AI, the defense technology company building the world’s best AI pilot for aircraft, today announced the expansion of their Series F funding round to a total of $500 million. An additional $100M in equity, raised at the Series F price, and $200M in debt from Hercules Capital were added to the initial $200M in equity closed in November.

Shield AI’s flagship product, Hivemind, is an AI pilot that enables teams of intelligent aircraft to operate and complete missions autonomously in high-threat environments, without the need for remote operators or GPS. Hivemind is an aircraft agnostic autonomy stack similar to the self-driving technology found in cars. It has flown quadcopters, the MQ-35A V-BAT, and the F-16. Next year it will fly Kratos’ XQ-58 Valkyrie. Shield AI has accumulated more autonomous flight hours executing fighter jet maneuvers, like dogfighting, than any company in the world.

Read more at PR Newswire