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Shield AI In Running For US Navy's $800 Million Surveillance Program
Shield AI is in contention for an $800 million U.S. Navy surveillance program, utilizing its V-BAT vertical-takeoff-and-landing uncrewed aircraft for airborne monitoring. The company, founded in 2015, recently secured significant funding rounds, including a $240 million strategic round that boosted its valuation to $5.3 billion, and an agreement to co-lead a $1.5 billion Series G funding round. These investments support the development of its Hivemind Enterprise product and broader national security initiatives.