Shield AI raises $200 million at $2.7 billion valuation

Defense technology startup Shield AI has raised $200 million in its latest funding round, bringing its valuation to $2.7 billion. The company, which develops autonomous drones and military technology, aims to be the Tesla of aviation assets and is building technology for the new age of warfare. Shield AI’s Hivemind technology allows aircraft to operate without GPS and communication, preventing foreign adversaries from disrupting navigation. The company has collaborated with Israel in its war with Hamas and has partnerships with Boeing Co. for AI and autonomous defense programs.