Shield AI, an AI drone company, is in talks to raise a new round of funding at a valuation of at least $20 billion, according to The Information. The talks come just six months after the company closed its $2 billion Series G round, which valued the business at $12.7 billion. The report also said Shield AI expects revenue to grow by more than 80% this year, reaching at least $540 million. The latest fundraising discussions point to a sharp step-up in valuation in a relatively short period, based on the figures cited in the report.
Shield AI is in talks to raise a new funding round at a valuation of at least $20 billion, according to The Information.
The discussions come six months after the AI drone company closed a $2 billion Series G round at a $12.7 billion valuation. The report said Shield AI expects revenue to increase by more than 80% this year to at least $540 million.
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