ChainCatcher report, according to The Information, AI drone company Shield AI is negotiating a new funding round at a valuation of at least $20 billion. This comes just six months after its $2 billion Series G round, which valued the company at $12.7 billion. The company expects revenue growth of more than 80% this year, reaching at least $540 million.
Shield AI in Talks for New Funding Round at $20B+ Valuation
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Summary
Shield AI is in the news for securing new funding at a valuation exceeding $20 billion, according to ChainCatcher. The AI drone company raised $2 billion in its G-round six months ago at a $12.7 billion valuation. Revenue is projected to reach $540 million this year, an increase of over 80%. This development comes amid rising interest in AI and crypto news, as well as growing investor appetite for AI-driven technologies.
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