Shield AI plans $5.3B radar deal with $2.5B fundraise
Axios · Colin Campbell ·
The new funding values Shield at $28.8 billion.
Illustration: Aïda Amer/Axios
Defense contractor Shield AI is raising $2.5 billion to acquire radar provider Echodyne Corp. for $5.3 billion.
Zoom in: The new funding includes a $1 billion Series H round, valuing Shield at $28.8 billion.