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Shield AI, the emerging company in the defense artificial intelligence field, secured an additional $300 million through the issuance of new shares in the company and funding through loan facilities, bringing the total funding in its recent round to $500 million.
This raised the company’s valuation to $2.8 billion.
The company manufactures a system called “AI Pilot” that can be used to transform aircraft into autonomous systems.
The company’s flagship product, Hivemind, will enable aircraft teams to operate independently without the need for remote operators, communications, or GPS.
