Shield AI raises $2.5B to acquire radar firm Echodyne
Defense technology startup Shield AI has secured $2.5 billion in funding to facilitate the acquisition of Echodyne Corp. Echodyne is a company that manufactures radar sensors for both government and commercial clients. This financial move includes a $1 billion Series H round, which values Shield AI at $28.8 billion. This valuation represents a significant increase from the company's $12.7…
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Key points
- Shield AI raised $2.5 billion to help acquire radar company Echodyne Corp.
- The deal includes a $1 billion Series H round at a $28.8 billion valuation.
- Shield AI's valuation rose from $12.7 billion in March to $28.8 billion.
Read the original at bloomberg.com · via TechmemeOpen source ↗
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Shield AIEchodyne Corp.
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