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.