Defense technology continues to get a lot of attention from investors, and today, one of the bigger startups in the space is announcing more funding. Shield AI — which develops platforms and planes for autonomous flying systems, targeting the U.S. military and its allies as customers — has raised $60 million in funding, money that it will be using to continue developing its technology.
The money is coming in as an additional part of Shield AI’s Series E, and it brings the total round to $225 million. Shield AI announced the previous $165 million tranche in June, which gave the startup a valuation of $2.3 billion. We’ve confirmed with Brandon Tseng, Shield AI’s president, who co-founded the company with his brother, CEO Ryan Tseng, that this extension came in at the same valua …
