Total amount raised
$563.1 Million
Latest funding date
12/1/2022
Location
Shield AI has successfully raised funds over 14 rounds, with the latest being a Series F round involving 9 investors, including Hanwha Aerospace and L3Harris Technologies. The company is backed by a total of 26 investors, with recent contributions from Cacti and L3Harris Technologies.
Keep reading to explore the intricacies of Shield AI's fundraising journey and the investors backing this innovative platform.
What Is Shield AI?
Shield AI is a deep-tech company based in San Diego, California, specializing in AI-powered systems to enhance the safety of service members and civilians. The company operates in various industries, including artificial intelligence, autonomous vehicles, drones, machine learning, and national security.
With an employee count ranging from 1001 to 5000, Shield AI has made significant strides in defense technology. The company offers a range of AI-powered tools and platforms, such as Hivemind Enterprise and advanced aircraft like the X-BAT and V-BAT, which provide unmatched ISR and targeting capabilities.
How Much Funding Has Shield AI Raised?
- Series B
- Amount Raised: USD 25,000,000
- Date: August 2019
- Lead Investors: SVB Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series C
- Amount Raised: USD 70,000,000
- Date: February 2021
- Lead Investors: Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance AI capabilities.
- Debt Financing
- Amount Raised: USD 20,000,000
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing projects and operational costs.
- Series D
- Amount Raised: USD 210,000,000
- Date: August 2021
- Lead Investors: Disruptive
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enter new markets.
- Series E
- Amount Raised: USD 90,000,000
- Date: June 2022
- Lead Investors: Snowpoint Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and scale production.
- Debt Financing
- Amount Raised: USD 75,000,000
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expansion and R&D efforts.
- Series E
- Amount Raised: USD 60,000,000
- Date: December 2022
- Lead Investors: US Innovative Technology Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI-powered systems and expand market presence.
- Series F
- Amount Raised: USD 200,000,000
- Date: October 2023
- Lead Investors: Riot Ventures, US Innovative Technology Fund
- Valuation at Round: USD 2,700,000,000
- Motivation Behind the Round: To support the company's growth and development of autonomous systems.
- Debt Financing
- Amount Raised: USD 200,000,000
- Date: December 2023
- Lead Investors: Hercules Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and strategic initiatives.
- Series F
- Amount Raised: USD 240,000,000
- Date: March 2025
- Lead Investors: Hanwha Aerospace, L3Harris Technologies
- Valuation at Round: USD 5,300,000,000
- Motivation Behind the Round: To expand the deployment of Hivemind Enterprise and enhance AI capabilities.
Total Amount Raised: USD 1,410,000,000. Current Valuation: USD 5,300,000,000.
Key Investors
- L3Harris Technologies
- Details: L3Harris Technologies is a global aerospace and defense technology company. They provide advanced defense and commercial technologies across air, land, sea, space, and cyber domains.
- Investment Focus Areas: Aerospace, defense, communication systems.
- Notable Investments: Various defense and aerospace technologies.
- Hanwha Aerospace
- Details: Hanwha Aerospace is a South Korean company specializing in aerospace and defense technologies. They manufacture aircraft engines, defense systems, and industrial machinery.
- Investment Focus Areas: Aerospace, defense, industrial machinery.
- Notable Investments: Aerospace components, defense systems.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm based in Silicon Valley. They invest in early-stage startups across various technology sectors.
- Investment Focus Areas: Technology, software, AI.
- Notable Investments: Facebook, Airbnb, Slack.
- US Innovative Technology Fund
- Details: US Innovative Technology Fund focuses on investing in cutting-edge technology and innovative startups. They aim to support companies that drive technological advancements.
- Investment Focus Areas: Emerging technologies, innovative startups.
- Notable Investments: Various tech startups and innovative companies.
- Washington Harbour Partners
- Details: Washington Harbour Partners is an investment firm that focuses on technology, media, and telecommunications sectors. They support companies with high growth potential.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Various tech and media companies.
What's Next for Shield AI?
Shield AI stands at the cusp of significant opportunities, driven by the expansion of its Hivemind Enterprise platform. This AI-powered autonomy suite is set to revolutionize the defense and aerospace sectors by enabling millions of autonomous systems over the next decade. The recent $240 million funding round, which brought the company's valuation to $5.3 billion, underscores the immense market potential and investor confidence in Shield AI's vision.
Future fundraising opportunities appear promising, with strategic investors like L3Harris and Hanwha Aerospace already on board. The growing demand for advanced autonomy solutions in defense and other sectors suggests that additional funding rounds could be on the horizon, further bolstering Shield AI's capabilities and market reach.
However, the path forward is not without challenges. Developing robust autonomy systems that can operate in GPS- and communications-denied environments is complex and costly. Additionally, Shield AI must navigate regulatory hurdles and maintain its competitive edge in a rapidly evolving industry. Despite these challenges, the company's strategic partnerships and innovative technology position it well for continued growth and success.
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