Shield AI announced plans to raise $2 billion and acquire Aechelon Technology to expand simulation and autonomy capabilities.

Shield AI has raised $2 billion at a valuation of $12.7 billion, more than doubling its value from a year ago, underscoring investor demand for defense technology and artificial intelligence.

March 26 (Reuters) - Shield AI is raising $2 billion in a new funding round at a $12.7 billion valuation, as the defense technology startup looks to expand its artificial intelligence-powered software amid growing use of autonomous tools during conflicts.

Shield AI Inc. today announced that it’s raising a $2 billion late-stage funding round at a post-money valuation of $12.7 billion. Three quarters of the capital will be provided through a Series G round led by Advent International,

** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. ** The new Shield X combines features from both the Shield Plus and the Bodyguard 2.0. A ...