Shield AI Secures $240M Funding for Hivemind Enterprise, Achieves $5.3B Valuation as Second-Highest Defense Tech Startup Behind Anduril Industries
Defense technology startup Shield AI has secured $240 million in funding, achieving a valuation of $5.3 billion. This funding round positions Shield AI as the second-highest valued defense tech startup, trailing only Anduril Industries. The investment aims to scale Shield AI's Hivemind Enterprise, an AI-powered autonomy developer platform. The funding comes amid a broader trend in the venture capital landscape, where defense technology and cybersecurity have emerged as leading sectors, despite a slowdown in overall startup investment. In February, global venture funding totaled $19 billion, marking one of the slowest months for startup investment in the past year, according to Crunchbase data.
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Crunchbase NewsGlobal venture funding totaled $19 billion in February, marking one of the slowest months for startup investment in the past year, according to Crunchbase data. https://t.co/ibXh926iGz
- Crunchbase News
Last year, investors put a total of $61 billion into rounds of $500 million or more for U.S. venture-backed, private companies, Crunchbase data shows. That comprises a whopping 34% of total funding. https://t.co/xJYwarNLgX
- Crunchbase News
February was another month for big rounds. It took $200 million or more to make the list, as defense tech and cybersecurity led the way. AI and robotic startups also landed some huge cash. https://t.co/NufJ2rfdZw