The San Diego-based AI start-up Shield AI announced on Tuesday; the company has raised $210 million through a late-stage venture capital funding round. Shield AI is an artificial intelligence infant that develops advanced technological aid powering military surveillance drones.
The technology start-up strengthened by a 200-employee base now values over $1 billion thanks to the recent investments. Shield AI has therefore emerged as a rare unicorn in the burgeoning defense technology market space. Not stopping at the venture capitalist fundings, the company is moving on to gather an added $75 million in debt.
The product portfolio of the artificial intelligence company includes a Nova-class UAV platform. The unmanned aerial vehicle platform can efficiently operate in high-threat situations. In addition, the technology is capable of functioning in degraded communication environments.The Nova-class unmanned aerial vehicle platform works effectively by maneuvering autonomously, providing surveillance, intelligence, and reconnaissance. Recent fundings will push Shield AI towards its goal of emerging as the 21st-century defense prime via software developments.