Shield AI was founded in 2015 by Andrew Reiter, Brandon Tseng, and Ryan Tseng. The company has not publicly endorsed plans to participate in an IPO.
Shield AI is an aerospace and defense company. Along with its AI-powered combat drones, Shield AI offers automation software that is compatible with other defense technologies. The company's primary customers are the U.S. Military and its allies. In 2021, Shield AI acquired MartinUAV and Heron Systems. The company has raised more than $570 million in venture capital funding from investors including the US Innovative Technology Fund, Point72 Ventures, Andreessen Horowitz, Breyer Capital, and SVB Capital. The company announced a $2.3 billion valuation following a $165 million Series E funding round in 2022.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/29/2023 | Series F | $299.19MM | $xx.xx | $2.71B | U.S. Innovative Technology Fund, Riot Ventures, ARK Invest, Disruptive, Snowpoint Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,832,955
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
U.S. Innovative Technology Fund, Riot Ventures, ARK Invest, Disruptive, Snowpoint Ventures
|
||||||
12/13/2022 | Series E | $150MM | $xx.xx | $2.3B | Snowpoint Ventures, Riot Ventures, Disruptive, Homebrew, Point72 Ventures, Andreesen Horowitz, Breyer Capital, SVB Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,713,920
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Snowpoint Ventures, Riot Ventures, Disruptive, Homebrew, Point72 Ventures, Andreesen Horowitz, Breyer Capital, SVB Capital
|
||||||
08/24/2021 | Series D | $223.33MM | $xx.xx | $1.25B | Disruptive, Point72 Ventures, Breyer Capital, Andreessen Horowitz | |
Price per Share
$xx.xx
Shares Outstanding
9,289,341
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Disruptive, Point72 Ventures, Breyer Capital, Andreessen Horowitz
|
||||||
02/23/2021 | Series C | $70.99MM | $xx.xx | $295.18MM | Point72 Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,113,508
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Point72 Ventures
|
||||||
08/13/2019 | Series B | $25MM | $xx.xx | $203.26MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,180,497
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
01/04/2019 | Series A1 | $10MM | $xx.xx | $113.13MM | Breyer Capital, Andreessen Horowitz, Homebrew | |
Price per Share
$xx.xx
Shares Outstanding
1,952,059
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Breyer Capital, Andreessen Horowitz, Homebrew
|
||||||
04/01/2017 | Series A | $10.5MM | $xx.xx | $30.58MM | Andreessen Horowitz, Homebrew, Bloomberg Beta, Founder Collective | |
Price per Share
$xx.xx
Shares Outstanding
5,674,753
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, Homebrew, Bloomberg Beta, Founder Collective
|
||||||
05/19/2016 | Series Seed | $2.74MM | $xx.xx | $9.13MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,414,857
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|