Shield AI, a San Diego, CA-based defense-technology company using self-driving software to enable unmanned systems to operate without GPS and communications, raised $90M in Series C equity and debt financing.
The lead investor was Point72 Ventures.
The company intends to use the funds to scale and further integrate its self-driving software, Hivemind, into additional platforms across the Defense industry.
Founded by CEO Ryan Tseng, Brandon Tseng, and Andrew Reiter and also led by CTO Nathan Michael Shield AI uses self-driving software to enable unmanned systems to operate without GPS and communications. Its system, Hivemind, has been used on combat operations since 2018.
The company partners with the Defense Department and Defense OEMs to integrate its Hivemind AI and autonomy software stack into unmanned systems, including retrofitting existed ones. By applying reinforcement learning to scalable simulations, Shield AI trains unmanned systems to learn additional tactics and behaviors to autonomously accomplish new missions, ranging from undertaking clearance operations to breaching integrated air defense systems. The company’s next-generation Nova-class SUAS will be unveiled in the coming months.