Shield AI, the deep-tech company building state-of-the-art autonomy software products and defense aircraft, today announced it has completed a $240 million, F-1 strategic funding round, raising the company's valuation to $5.3 billion.

The financing was completed with major participation from strategic investors L3Harris and Hanwha Aerospace, as well as participation from existing investors including Andreessen Horowitz, U.S. Innovative Technology, and Washington Harbour. The funds will enable Shield AI to expand the deployment of Hivemind Enterprise to OEMs, governments, and companies to empower the larger robotics and drone industrial base to build autonomy products.

Founded in 2015, Shield AI is a venture-backed deep-technology company with the mission of protecting service members and civilians with intelligent, autonomous systems. Its products include Hivemind Enterprise-EdgeOS, Hivemind Pilot, Hivemind Commander, and Hivemind Forge-as well as V-BAT and Sentient Vision Systems (wide-area motion imaging software).