Valuation
$12.7B
+140% from Mar 2025
Total Raised
~$2.95B
Across 10 priced events
Employees
~1,200
Up from ~900 in Apr 2025
Est. 2025 Revenue
~$300M
Targeting $540M+ FY2026
Funding History
Total raised: ~$2.95B · Latest valuation: $12.7B
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | 2015 | $0.1M | — | HomebrewFounders Collectivefriends + family |
| Series A | 2017 | $10.5M | — | |
| Series B | 2018 | $15M | — | |
| Series C | 2020 | $90M | — | |
| Series D | 2021 | $210M | $1B+ | DisruptiveAndreessen Horowitz |
| Series E | Jun 2022 | $165M | $2.3B | Snowpoint VenturesRiot VenturesDisruptiveHomebrew |
| Series F | Nov 2023 | $200M | $2.7B | |
| Series F Extension | Dec 2023 | $300M | $2.8B | Hercules Capital (debt) |
| Series F-1 Strategic | Mar 2025 | $240M | $5.3B | L3HarrisHanwha Asset ManagementAndreessen Horowitz |
| Series G | Mar 2026 | $1.5B | $12.7B | Advent InternationalJPMorgan SRIBlackstone (preferred equity) |
Product Specifications
| System | Type | Status |
|---|---|---|
| Hivemind | AI pilot autonomy stack | Production (V-BAT, F-16 VENOM-AT, X-BAT) |
| V-BAT | Group 3 VTOL UAS | Production (USMC, USCG, RNLN, Ukraine) |
| X-BAT | Autonomous VTOL fighter jet | Development (engine fire-test 2025) |
| Nova 2 | Indoor autonomous quadcopter | Production (DoD, allies) |
| ViDAR (Sentient) | AI wide-area motion imagery | Production |
Partnerships & Investors
US Air ForceCustomer
VENOM-AT autonomy on F-16; X-BAT pitched as CCA candidate
US Marine CorpsCustomer
V-BAT in active service
US NavyCustomer
V-BAT bid for up-to-$800M ISR contract (Apr 2026)
Royal Netherlands NavyCustomer
V-BAT IOC declared Mar 2026
L3HarrisInvestor + Strategic
Series F-1 strategic investor; mission-autonomy collaboration
Hanwha AerospaceInvestor + Strategic
Series F-1; Korea/Asia integration
GE AerospaceStrategic
F110-GE-129 turbofan for X-BAT
Key Milestones
2015
Company Founded
Brandon Tseng (USN SEAL), Ryan Tseng, Andrew Reiter launch Shield AI
2018
Nova Indoor UAS Deployed
Special Operations Command (SOCOM) begins fielding Nova quadcopter
Jul 2021
Heron Systems Acquired
Acquires AlphaDogfight winner Heron Systems for AI air-combat capabilities
2022
V-BAT in USMC Service
Group 3 VTOL UAS enters Marine Corps inventory
Apr 2024
Sentient Vision Acquired
Australia-based ViDAR maker acquired; establishes Shield AI Australia
Apr 2024
VENOM-AT Selection
Hivemind selected for Air Force VENOM-AT autonomy testbed on F-16s at Eglin
Jan 2025
Kyiv Office Opens
On-the-ground Ukraine R&D for V-BAT optimization
Mar 2025
Series F-1 at $5.3B
$240M strategic round with L3Harris and Hanwha
Mar 2025
CEO Transition
Gary Steele appointed CEO; Ryan Tseng becomes Chief Strategy Officer
Oct 2025
X-BAT Unveiled
Autonomous VTOL fighter jet revealed; Kansas flight-test facility announced
Nov 2025
GE F110-GE-129 for X-BAT
GE Aerospace selected as X-BAT propulsion partner
Mar 2026
RNLN V-BAT IOC
Royal Netherlands Navy declares V-BAT operational on HNLMS Johan de Witt
Mar 2026
Series G + Aechelon Acquisition
$1.5B Series G at $12.7B (Advent, JPMorgan); $500M Blackstone preferred; acquires simulation firm Aechelon