Iván Hernández Dalas: Shield AI raises $2B for defense drone development, to acquire Aechelon
Shield AI claims that X-BAT is the world’s first AI-piloted VTOL jet. Source: Shield AI Shield AI last week said it is raising $1.5 billion in Series G funding at a $12.7 billion post-money valuation and $500 million in fixed-return preferred equity financing. The autonomy systems and defense drone provider plans to use a portion of the proceeds to acquire Aechelon Technology Inc., a simulation software company. “We’re thrilled to continue our work and serve our customers under Shield AI,” stated Ignacio (Nacho) Sanz-Pastor, co-founder and CEO of Aechelon. “Their vision of a future filled with autonomous systems protecting service members and civilians, and deterring conflict, is inspirational.” Founded in 1998, Aechelon specializes in in geo-specific flight simulators and physics-based sensor AI training. The Sagewind Capital portfolio company said its Synthetic Reality (SR) platform realistically replicates real-world environments to enable both humans and machines to ...