Articles from Shield AI

Shield AI today announced it is raising $1.5 billion in Series G funding at a $12.7 billion post-money valuation and $500 million in fixed-return preferred equity financing. The Series G is led by Advent International and co-led by the Strategic Investment Group of JPMorganChase’s Security and Resiliency Initiative, with participation from existing investors Snowpoint Ventures, Innovation X Advisors, Riot Ventures, Disruptive, Apandion, and others. Funds managed by Blackstone are investing $500 million of preferred equity financing, as well as committing an additional $250 million delayed draw facility to support future growth. Advent’s Chairman David Mussafer will join Shield AI’s Board of Directors and JPMorganChase’s Todd Combs will join as a Board Observer.