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Defense technology startup Shield AI has secured $2 billion in funding, valuing the company at $12.7 billion. This substantial investment will drive the growth of Shield AI’s artificial intelligence-powered software, which plays a crucial role in enabling drones and aircraft to function effectively in complex environments. The company’s technology has garnered significant attention, highlighting the increasing importance of AI in defense operations. In addition to the funding, Shield AI is set to acquire a simulation software maker, a move aimed at further enhancing its technological capabilities.
Source: Tech-Economic Times