Shield AI raises $240M at $5.3B valuation to scale Hivemind Enterprise, an AI-powered autonomy developer platform
Rhea-AI Summary
Shield AI has secured a $240 million F-1 strategic funding round, achieving a $5.3 billion valuation. The round saw major participation from strategic investors L3Harris (NYSE: LHX) and Hanwha Aerospace, alongside existing investors including Andreessen Horowitz.
The funding will support the expansion of Hivemind Enterprise, an AI-powered autonomy software suite that enables developers and organizations to build, test, and deploy autonomous systems. The platform offers an integrated autonomy factory, industrial-grade middleware, and mission control capabilities.
Shield AI's technology has demonstrated success in autonomously operating various aircraft including F-16s, MQ-20s, and V-BATs in GPS- and communications-denied environments. The company's partnership with L3Harris aims to accelerate the delivery of AI-enabled solutions and emerging technologies for customer needs.
Positive
- Secured substantial funding of $240M
- Achieved high valuation of $5.3B
- Strategic investment from major defense contractor L3Harris
- Proven technology with successful autonomous aircraft operations
- Strong market positioning in defense autonomy sector
Negative
- None.
News Market Reaction
On the day this news was published, LHX gained 1.55%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The financing was completed with major participation from strategic investors L3Harris (NYSE: LHX) and Hanwha Aerospace (KRX: 012450), as well as participation from existing investors including Andreessen Horowitz,
"Developing autonomy is both complex and costly. Hivemind Enterprise solves this widely known problem and enables the rapid and efficient proliferation of resilient, high-performance autonomy for intelligent machines across industries," said Nathan Michael, Shield AI's Chief Technology Officer. "Hivemind Enterprise is about supercharging the industrial base to build and monetize autonomy, enabling a world of millions of autonomous systems in the next ten years."
Hivemind Enterprise is an autonomy software suite for developers and organizations building, testing, evaluating, and deploying autonomy for intelligent machines. It accelerates autonomy development by delivering a multi-year head start with platform products, AI-powered toolsets, and leveraging Shield AI's proven edge autonomy work enabling unmanned systems to operate in GPS- and comms-denied environments. The Hivemind Enterprise product suite includes an integrated autonomy factory, industrial-grade production ready middleware, a rich autonomy catalogue, and seamless mission control, empowering developers to build and own their mission-ready autonomy solutions with unprecedented speed and flexibility.
"The same tools that make up Hivemind Enterprise have already enabled Shield AI to autonomously fly F-16s, MQ-20s, MQM-178s, operate V-BATs in GPS- and communications-denied environments, and have quadcopters explore buildings and tunnels for
Industry leaders recognize the growing demand for autonomy at scale. Christopher E. Kubasik, Chair and CEO of L3Harris, emphasized this:
"The need for advanced autonomy has never been more urgent, and Shield AI is proving that autonomy at scale is not only possible but inevitable. Their commitment to pushing the boundaries of AI-driven autonomy aligns with our Trusted Disruptor strategy, where we partner to accelerate the delivery of AI-enabled solutions and emerging technologies to meet our customers' needs faster and more efficiently."
The significant interest and participation from investors are a testament to Shield AI's momentum after a year of successful milestones and recent technology integration announcements, including mission autonomy work with L3Harris. The company is pleased to have received support from a number of other strategic investors as part of this fundraising round.
About Shield AI
Founded in 2015, Shield AI is a venture-backed deep-technology company with the mission of protecting service members and civilians with intelligent, autonomous systems. Its products include Hivemind Enterprise—EdgeOS, Hivemind Pilot, Hivemind Commander, and Hivemind Forge—as well as V-BAT and Sentient Vision Systems (wide-area motion imaging software). With offices in
Media Contact: Lily Hinz; media@shield.ai
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SOURCE Shield AI
FAQ
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