Defense technology startup Shield AI has finalized its new funding round, raising $200 million in additional capital.
The startup, which makes autonomous drones and other military technology for the US and its allies, has reached a valuation of $2.7 billion with the new funding, co-founder and president Brandon Tseng said in an interview. Bloomberg News reported last month that Shield AI was working on its latest fundraising.
The round was led by Thomas Tull’s U.S. Innovative Technology Fund (USIT) and co-led by Riot Ventures. Cathie Wood’s ARK Invest also participated, as did returning investors Disruptive and Snowpoint. Andreessen Horowitz, Point 72 Ventures and Homebrew are existing backers.
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