The Bloomberg Beta-backed autonomous flight technology developer is set to accelerate its growth with a round reportedly valuing it in excess of $1bn.
Shield AI, the US-based defence technology developer that counts Bloomberg Beta, the venture capital firm backed by media group Bloomberg, secured $210m in its series D round yesterday.
Investment firm Disruptive led the round, which also featured venture capital firm Point72 Ventures and unnamed VC funds. It valued Shield AI at over $1bn, according to the San Diego Union-Tribune.
The company indicated it plans to raise an additional $15m in equity and $75m in debt financing over the coming weeks,…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
