Shield AI funding rounds & valuation history
Shield AI, the San Diego defense-tech company behind the Hivemind autonomy software and V-BAT aircraft. Funding from the Series F (Oct 2023) to the Series G (Mar 2026) plus later status rows, sourced to Shield AI, TechCrunch, Crunchbase News and Bloomberg via Yahoo Finance.
Round history
Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.
| Date | Status | Round | Amount | Lead / buyer | Valuation | Val. ÷ run-rate | Source |
|---|---|---|---|---|---|---|---|
Reported talks |
Series H with Echodyne deal (announced, not closed)Shield AI says it is raising $2.5B for the Echodyne deal: a $1B Series H at a $28.8B post-money valuation (co-led by Disruptive and Innovation X Capital), $1B of Blackstone structured equity and $500M of JPMorgan-led debt. Bloomberg reports the financing completes only when the acquisition closes (expected early 2027), so this is Status, not the last closed round. |
$1B Series H (part of a $2.5B package) |
—Not disclosed |
$28.8B post-money (announced)Stated by Shield AI; financing completes only when the Echodyne acquisition closes, so CSV amount/valuation cells are empty |
—Not disclosedTalks-stage or discussed figure; no multiple |
||
Closed round |
Series GTechCrunch: $1.5B Series G equity, plus $500M of preferred shares sold separately to Blackstone funds; Bloomberg’s $2B headline counts both. $1.5B Series G used. |
$1.5B |
Advent, JPMorganChase investment groupWith: Snowpoint Ventures, InnovationX, Riot Ventures, Disruptive, Apandion |
$12.7BPost-money, as announced (TechCrunch)2.40× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series F-1 |
$240M |
—Not disclosed |
$5.3BValuation stated by Shield AI1.96× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series FMonth only. Crunchbase News: Shield later added another $300M in debt and equity to the round (not counted here). |
$200M |
—Not disclosed |
$2.7BReported by Crunchbase News |
—Not disclosedNo run-rate stated in the announcement |
Valuation at each closed round
Valuations as stated or reported at each closed round with a disclosed figure; talks, tenders and filings are not plotted.
Sources: Shield AI, TechCrunch, Crunchbase News, Bloomberg via Yahoo Finance. US$ billions, linear scale.
Timeline
Each round and share sale, oldest first.
- Oct 2023 · Closed
Series F: $200M at $2.7B.
- 6 Mar 2025 · Closed
Series F-1: $240M at $5.3B.
- 26 Mar 2026 · Closed
Series G: $1.5B at $12.7B led by Advent, JPMorganChase investment group.
- 5 Nov 2026 · Talks
Series H with Echodyne deal (announced, not closed): $1B Series H (part of a $2.5B package).
Cite this dataset
Free to quote with a link back. Copy this citation:
Shield AI Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/shield-ai/
Download the data
The same 4 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.
- File
shield-ai-rounds.csv(UTF-8, comma-separated)- Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/shield-ai-rounds.csv- Columns
id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated- Updated
- (IST)
Methodology & status definitions
How each row is labelled and calculated.
Closed round
A primary round announced by the company or confirmed in the press, bringing new money to the company.
Reported talks
A raise reported by the press as under discussion and not confirmed as closed. Not charted, not the last-closed valuation; no step-up or multiple.
Valuation ÷ run-rate
Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.
What is not a separate row
Rounds before 2023, the extra ~$300M of debt and equity added to the 2023 Series F, venture debt, and the Echodyne acquisition itself.
Updates & corrections
This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.
Changelog
- : Dataset first compiled (batch 3, not yet published).
Sources
- Shield AI: Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar Acquisition, 5 Nov 2026
- TechCrunch: Defense startup Shield AI lands $12.7B valuation, up 140%, after US Air Force deal, 26 Mar 2026
- Shield AI: Shield AI raises $240M at $5.3B valuation to scale Hivemind Enterprise, 6 Mar 2025
- Crunchbase News: Defense Tech Startup Shield AI Hits $5.3B Valuation Mark, 6 Mar 2025
- Shield AI: Shield to acquire Echodyne in a transaction valued at $5.3 billion and raise $2.5 billion at a $28.8 billion valuation, 5 Nov 2026
- Bloomberg (via Yahoo Finance): Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar Acquisition, 5 Nov 2026