The California company bought Plano-based Martin UAV, known for its vertical takeoff and landing unmanned aircraft called V-BAT, in 2021.
ShieldAI recently launched V-BAT Teams, a product using artificial intelligence to allow its V-BAT drones to fly autonomously and work together in groups.A defense technology company that acquired Plano-based Martin UAV in 2021 has raised an additional $200 million in capital, boosting the firm’s value to $2.7 billion.
San Diego-based Shield AI makes autonomous drones and other military technology for the U.S. and its allies. The new investment round was led by Thomas Tull’s U.S. Innovative Technology Fund and co-led by Riot Ventures.Cathie Wood’s ARK Invest also participated, as did returning investors Disruptive and Snowpoint. Andreessen Horowitz, Point 72 and Homebrew are existing backers.
Tseng, a former Navy SEAL, co-founded Shield AI in 2015 with his brother Ryan Tseng and Andrew Reiter. The company has offices in San Diego, Dallas and Washington, D.C.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
49ers’ defense seeks answers after Bengals, Burrow carve it up“You’re going to have games where you get outplayed, out-schemed, and at that point, you have to go back to the drawing board and figure out what your foundation is and get back to the fundam…
Read more »
Hail or Fail: Potential trades can’t make the Commanders’ defense much worseSam Howell and the offense looked good in defeat, but the Eagles shredded defensive coordinator Jack Del Rio’s unit.
Read more »
Israeli Defense Minister Denounces Hamas' Prisoner Swap OfferIsraeli Defense Minister Yoav Gallant on Sunday met with families of the captives taken into Gaza by the Hamas terror group on Oct. 7.
Read more »
IDF: Hamas Uses Tunnels for Defense Against Israel, Gaza ControlIsrael Defense Forces on Thursday confirmed that a significant amount of weapons and ammunition for Hamas were obtained via smuggling through tunnels that connect Gaza to Egypt.
Read more »
‘Take Care of Maya’ trial: Social worker Catherine Bedy testifies for the defense in $220M caseJurors heard from social worker Catherine Bedy on Monday in the $220 million case against Johns Hopkins All Children’s Hospital that was at the center of the Netflix documentary ‘Take Care of Maya’.
Read more »
UW Defense Needs Big Boost and Letuligasenoa Would Be Welcome OptionThe defensive tackle, coming off an injury, could make a difference against USC.
Read more »