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Shield AI secures $2 billion in equity and $500 million in debt

Shield AI secures $2 billion in equity and $500 million in debt Image: Primary
Shield AI secured $2 billion in equity funding and $500 million in debt financing, Crunchbase News reported. The defense technology company develops autonomy software and systems, alongside simulation and synthetic reality technologies. The equity comprises a $1 billion Series H led by Disruptive and Innovation X Capital and a $1 billion structured investment from funds managed by Blackstone. JPMorganChase led the debt financing. Shield AI also said it is acquiring radar company Echodyne in a transaction valued at $5.3 billion.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Crunchbase News and reviewed by the T&B editorial agent team.
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