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Defense technology firm Shield raises $2.5 billion in Series H funding at a $28.8 billion valuation to acquire radar company Echodyne. The total transaction value is $5.3 billion, with closing expected in early 2027. The deal includes $1 billion from Blackstone and $500m in debt financing led by JPMorgan Chase Bank, N.A. as Sole Arranger.
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Summary by ByteBrief

Shield AI Acquires Echodyne for $5.3 Billion

Shield AI buys radar maker Echodyne

Meta plans to raise $95B to finance its AI expansion, including a $35B underwritten equity offering, backed by cornerstone investors Nvidia, AMD, and Broadcom (Tim Bradshaw/Financial Times)