Shield AI
Defense autonomy software called Hivemind, which pilots aircraft and other unmanned systems without GPS or communications links. The company also builds the V-BAT and X-BAT aircraft and vision systems, and offers flight simulation and visualization products.
VP50 · #7Defense & spaceDefense autonomy software and unmanned aircraftSan Diego, United States
FoundersSince 2015
- Valuation
- $13B
- Total raised
- $3.6B
- Last round · Mar 2026
- Series G
- Founded
- 2015
- Employees
- 1,500
- Quarters in VP50
- 12
Valuation
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series E | Jun 9, 2022 | $2.3B | $165M | Snowpoint Ventures |
| Series E extension | Dec 13, 2022 | $2.3B | $60M | US Innovative Technology Fund (USIT) |
| Series F | Oct 31, 2023 | $2.7B | $200M | Riot Ventures and U.S. Innovative Technology Fund (USIT) |
| Series F extension | Dec 29, 2023 | $2.8B | $100M | Unknown |
| Series F-1 | Mar 6, 2025 | $5.3B | $240M | Unknown |
| Series G | Mar 26, 2026 | $13B | $1.5B | Advent International and Strategic Investment Group of JPMorganChase's Security and Resiliency Initiative |
Post-money valuation at each priced round. Log scale.Hover a point for the round
Updated
In VP50
- Q4 2023: #48
- Q1 2024: #45
- Q2 2024: #47
- Q3 2024: #50
- Q4 2024: no place
- Q1 2025: #41
- Q2 2025: #9
- Q3 2025: #13
- Q4 2025: #21
- Q1 2026: #22
- Q2 2026: #13
- Q3 2026: #12
- Q4 2026: #7
Place by quarter since Q4 2023. Best place #7.
Funding rounds
DateRound · leadRaisedValuation
Mar 26, 2026Series G · Advent International, Strategic Investment Group of JPMorganChase's Security and Resiliency Initiative$1.5B$13B
Mar 6, 2025Series F-1$240M$5.3B
Dec 29, 2023Series F extension$100M$2.8B
Feb 23, 2021Series C · Point72 Ventures$90M—
Aug 14, 2019Series B$22M—
Jan 4, 2019Funding round · Breyer Capital$10M—
May 31, 2016Seed · Homebrew$3M—
Signals
- Shield AI delivers first V-BATs to Taiwan Coast Guard; twelve due in coming monthsMilestone
- Navy adds $150M to Shield AI's X-BAT agreement; company matches with $150M of its ownMilestone
- Shield AI picks Des Moines, WA for X-BAT production and Newton, KS for flight testMilestone
- Shield AI reported in talks to raise a Series H at a valuation of at least $20BFunding round
- Taiwan Navy budgets NT$36 billion over 2026-2029 for 280 Shield AI V-BAT dronesMilestone
- Navy RCO, PAE Aviation and DIU announce $50M for maritime strike work with Shield AIMilestone
Team
Ryan TsengCo-founder, President, Chief strategy officer
Brandon TsengCo-founder, President- Andrew ReiterCo-founder
Gary SteeleCEO- Nathan MichaelCTO
- Kingsley AfemikheCFO
- Frank DiminaCRO
- Chandra RanganCMO
