Point72 Ventures led a series C round for Bloomberg Beta-backed Shield AI, which will use the cash to expand its drone software product.
Shield AI, a US-based defence technology developer backed by Bloomberg Beta, the investment firm sponsored by media group Bloomberg, secured $90m yesterday in a series C round.
The round consisted of equity and debt financing and was led by venture capital firm Point72 Ventures.
Founded in 2015, Shield AI provides edge artificial intelligence software that enables small unmanned aircraft systems to operate autonomously even when out of reach of communications systems such as GPS.
The funding will allow the company…
