We’re proud to lead @shieldaitech's $1 billion Series H at a $28.8 billion post-money valuation from our Flagship Fund.
Congratulations to the Shield team on signing a definitive agreement to acquire Echodyne in a transaction valued at $5.3 billion.
Shield is a one-of-one company. As CEO Gary Steele described it in the announcement, Shield is building a new generation of defense technology company around three fast-growing, high-margin businesses that reinforce one another across autonomy software, autonomous systems and mission systems.
The proposed acquisition would expand Shield’s Mission Systems business with Echodyne’s radar technology, already used in more than 40 countries. It would also give Shield greater access to the fast-growing counter-drone market and further diversify its revenue.
We’re excited to support Gary, Brandon, Ryan and the Shield team as they build intelligent systems to protect service members and civilians.
Congratulations to the Shield team on signing a definitive agreement to acquire Echodyne in a transaction valued at $5.3 billion.
Shield is a one-of-one company. As CEO Gary Steele described it in the announcement, Shield is building a new generation of defense technology company around three fast-growing, high-margin businesses that reinforce one another across autonomy software, autonomous systems and mission systems.
The proposed acquisition would expand Shield’s Mission Systems business with Echodyne’s radar technology, already used in more than 40 countries. It would also give Shield greater access to the fast-growing counter-drone market and further diversify its revenue.
We’re excited to support Gary, Brandon, Ryan and the Shield team as they build intelligent systems to protect service members and civilians.
Shield is acquiring Echodyne to expand our Mission Systems business with software-defined radars, engineering expertise and manufacturing capacity.
The $5.3B transaction is supported by a $2.5B raise, including Series H funding at a $28.8B valuation, and will accelerate our efforts to meet growing demand for multi-mission capabilities.
Echodyne’s industry-leading technology is used in hundreds of counter-drone and security systems worldwide, where it helps track drones, secure airspace, and protect people and infrastructure.
Full release: bit.ly/4iYGLWc
Funding includes a structured equity investment from @Blackstone and a Series H co-led by @disruptivetech and Innovation X Capital, with participation from @adventintl, the Strategic Investment Group of JPMorganChase's Security and Resiliency Initiative, @SnowpointVC, Apandion, Center15 Capital, and others.
Autonomy for the world. The greatest victory requires no war.View quoted post on X
