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Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar Acquisition

Bloomberg Technology Thursday 05 November 2026, 16:00 UTC By Rebecca Torrence 1 min read
Key Points

Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar Acquisition Defense tech startup set to acquire Echodyne Corp., which sells radar sensors to government and commercial customers. Shield AI is buying a radar company for $5.3 billion, and raising $2.5 billion in new funding for it, the company plans to announce on Thursday. The new backing, which Shield AI is raising to support the acquisition, includes $1 billion in Series H funding at a $28.8 billion valuation.

Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar Acquisition Defense tech startup set to acquire Echodyne Corp., which sells radar sensors to government and commercial customers. Shield AI is buying a radar company for $5.3 billion, and raising $2.5 billion in new funding for it, the company plans to announce on Thursday. The new backing, which Shield AI is raising to support the acquisition, includes $1 billion in Series H funding at a $28.8 billion valuation. That’s more than double the valuation the startup struck earlier this year, when it raised $2 billion at a $12.7 billion value in March. The remainder of the $2.5 billion consists of $1 billion in structured equity financing provided by Blackstone Inc. and $500 million in debt from JPMorgan Chase & Co. The defense tech startup, which makes autonomous aircraft systems for militaries, is set to acquire Echodyne Corp., which sells radar sensors to government and commercial customers. The deal includes $4.8 billion in cash and equity, as well as an additional $500 million that is conditional on Echodyne hitting certain milestones, according to Shield.
Shield AI (ORG) Radar Acquisition Defense (ORG) Echodyne Corp. (ORG) Series H (ORG) Blackstone Inc. (ORG) JPMorgan Chase & Co. (ORG) Echodyne (PERSON) Shield (ORG)
Originally published by Bloomberg Technology Read original →

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