Shield AI raises another $60M at a $2.3B valuation for its military autonomous flying tech

One of the bigger startups in the defense technology space is announcing more funding. Shield Artificial Intelligence has raised $60 million in funding to continue developing its technology, which it will use to target the U.S. military and its allies.

The Series E round has grown to $225 million with the addition of money. The startup had a valuation of $2.3 billion when it was announced in June. The extension came in at the same valuation as the company was founded by Brandon and Ryan.

Tull is a Hollywood producer. Some of the previous investors in the company include Snowpoint Venture, Riot Venture, Disruptive, Homebrew, Point72 Venture, and many others. The company closed the extra funding a week after it was announced.

Tech companies, from the top down, have seen a slowdown in business as investors tighten their purse strings. In order to prove to their backers that they have business ideas that will grow and be profitable, startups have had to cut costs. They might have to shut down if they do all that.

Tensions between nations, terrorism and wars are playing out on a technological level these days, and that means not only giving those in combat with better tools, but also

The military and government spending is countercyclical. Spending goes down when there is a recession. The government is a stable one. Modernizing the military requires a plan and a path.

Getting investors interested is one of the things driving business for the best startup in the space.

Tull said that automated defense capabilities are critical to our ability to remain competitive. Shield Artificial Intelligence is a leader in this space, developing some of the most advanced and cutting-edge technology for artificial intelligence piloting. Shield is doing great work in defense and we are proud to support them.

The home port of the U.S. Pacific fleet is located in San Diego, which was previously described as the Silicon Valley of the defense industry.

Shield is part of the U.S. Department of Defense Program of Record and has a number of aircraft and software on the market.

The $225 million round of Shield Artificial Intelligence is a sign of the high costs associated with developing for this industry. Just 11 days ago, Anduril confirmed that it had raised close to $1 billion at a $7 billion valuation.