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.