Shield AI Raises $2.5B for Echodyne Acquisition — SkimNews
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- Shield AI raised $2.5 billion in financing, including a $1 billion Series H.
- Shield AI’s Series H valued the company at $28.8 billion, up from $12.7 billion in March.
- Echodyne Corp. is the target of Shield AI’s planned acquisition, which the $2.5 billion raise is intended to help finance.
- Echodyne sells radar sensors to government and commercial customers.
Why it matters: The $2.5 billion raise gives Shield AI the capital to add Echodyne’s radar sensors, which are sold to government and commercial customers. Shield AI’s own valuation climbed from $12.7 billion in March to $28.8 billion—more than doubling as it pursues the acquisition.
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