SAN DIEGO, CA, Shield AI has announced it is raising $1.5 billion in Series G funding at a $12.7 billion post-money valuation and $500 million in fixed-return preferred equity financing.
The Series G is led by Advent International and co-led by the Strategic Investment Group of JPMorganChase's Security and Resiliency Initiative, with participation from existing investors Snowpoint Ventures, Innovation X Advisors, Riot Ventures, Disruptive, Apandion, and others. Funds managed by Blackstone are investing $500 million of preferred equity financing, as well as committing an additional $250 million delayed draw facility to support future growth. Advent's Chairman David Mussafer will join Shield AI's Board of Directors and JPMorganChase's Todd Combs will join as a Board Observer.
Founded in 2015, Shield AI is a venture-backed deep-tech company with the mission of protecting service members and civilians with intelligent systems. Its products include Hivemind autonomy software and V-BAT and X-BAT aircraft. With offices and facilities across the U.S., Europe, the Middle East, and Asia-Pacific, Shield AI's technology actively supports operations worldwide.
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