Tech Company Financing Transactions
Shield AI Funding Round
Shield AI closed a $90 million Series C financing round on 2/24/2021. Backers included Point72 Ventures and private investors.
Transaction Overview
Company Name
Announced On
2/24/2021
Transaction Type
Venture Equity
Amount
$90,000,000
Round
Series C
Investors
Point72 Ventures (Lead Investor) (Daniel Gwak)
Proceeds Purpose
Shield AI will use the funding to help scale and further integrate its self-driving software, Hivemind, into additional platforms across the Defense industry.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
501 W Bdwy.
San Diego, CA 92101
USA
San Diego, CA 92101
USA
Phone
Undisclosed
Website
Email Address
Overview
Shield AI works with the Department of Defense, the Department of Homeland Security, and other federal, state, and local departments and agencies to deliver next generation intelligence, reconnaissance, and surveillance systems. We build AI to enable fully autonomous unmanned systems that dramatically reduce risk and enhance situational awareness in the most dangerous situations.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ryan Tseng
Chief Technical Officer
Nathan Michael
Co-Founder
Andrew Reiter
VP - Engineering
Chris Barngrover
VP - Engineering
Timothy Ramsay
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Where The Data Comes From
Our team works diligently to record all VC transactions involving tech companies. VC transactions reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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