What Happened
Defense Tech Company Valued At $12.7 Billion Post-Money
Shield AI, a San Diego-based defense technology company, has secured $1.5 billion in Series G financing, valuing the company at $12.7 billion post-money. Innovation X Advisors participated in the funding round, which included $500 million of fixed-return preferred equity financing and an additional $250 million delayed draw facility. The investment will support Shield AI’s continued growth and the development of its autonomous systems, including its Hivemind autonomy software and V-BAT and X-BAT aircraft. This was reported by Business Wire.