Drone Defense Startup Shield AI Lands $5.3 Billion Valuation

(Bloomberg) – Defense Vahan AI completed a deal to increase $ 240 million to $ 5.3 billion, which involves the interest of silicon valley investors in the field of drones, autonomy and national security.

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San Diego-based launch plans plan to use the infusion of money to expand its software offers. Shield AI’s HiveMind Software Variations can be experimental autonomous vehicles, as well as help companies build their own autonomous drones, robots and other systems.

Investors in the deal include aerospace and defense company L3harris Technologies Inc. and South Korean Aerospace Company Hanwha Aerospace Co. – Andreessen Horowitz, US Innovative Technology and Washington Port. BLOOMBERG LP venture capital arm BLOOMBERG BETA is also an investor. Some call details were previously reported by information.

Shield AI is the most popular with its drones called V-Bat, capable of removing and landing. One obviously displayed in his San Diego offices. But moving forward, the company wants to be known for its software.

“This next stage is about working with small and medium-sized businesses, which want to operate autonomous devices through air, land or sea, said Shiell AI co-founder Bheld. “We spent a decade and $ 1 billion plus this building.”

Shield AI was founded by the Berdiction, sealed by the former fleet, and his brother Ryan Tseng, an engineer and former technical leader, “QUALCOMM INC” INC. Shield AI is one of the dozens of defensive newly creates, which will be removed from the expense of venture capitalists in recent years. Investors have poured record money on AI, space weapons and other protective technologies, hoping that the Pentagon will increase its technological costs, as modern war is developing.

Shieldai’s HiveMind program aims to make it easier to create autonomous autonomous for more developers and businesses. The company’s tools can also help experimental autonomous vehicles from one-sided attack from drones to F-16 and support firearms. Shield says that his program can allow vehicles to carry out autonomous missions, including when GPS and communications are clogged.