Shield AI to acquire Aechelon and raise $2 billion
Evidence notes
- Shield AI announced an agreement to acquire simulation-software company Aechelon Technology.
- The same announcement included $1.5 billion in Series G funding and $500 million in preferred-equity financing.
- The transaction was announced at a stated $12.7 billion valuation.
Company context
Shield AI builds autonomy software and unmanned aircraft systems for defence and allied operations. Its stack includes the Hivemind autonomy platform and aircraft such as V-BAT and X-BAT. The company focuses on autonomous mission execution in contested and degraded environments.