StartupsBloomberg Techabout 2 hours ago
Shield AI Raises $2.5B for Echodyne Deal
1 min read
Defense tech startup Shield AI raises $2.5 billion to acquire radar company Echodyne Corp. The funding includes a $1 billion Series H at a $28.8 billion valuation, up from $12.7 billion in March. Blackstone Inc. provides $1 billion in structured equity, while JPMorgan Chase & Co. contributes $500 million in debt.
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