@EchodyneCorp's C-UAS and multi-domain radar technology will be a valuable addition to @shieldaitech, accelerating delivery of multi-mission capabilities to customers in today's hybrid threat environment.
This acquisition builds out the third unit of our next-generation defense technology approach: autonomy software, autonomous systems, and mission systems. It also brings us to a $28.8B valuation, over double where we were in June of this year.
Looking forward to what's next with Echodyne.
This acquisition builds out the third unit of our next-generation defense technology approach: autonomy software, autonomous systems, and mission systems. It also brings us to a $28.8B valuation, over double where we were in June of this year.
Looking forward to what's next with Echodyne.
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
