Self-driving software company to invest in deployment of new strategic AI systems for Defense industrySAN DIEGO, Feb. 23, 2021 /PRNewswire/ -- Shield AI, a defense-technology company using self-driving software to enable unmanned systems to operate without GPS and communications, today announced it has raised $90M in a Series C round through equity and debt financing. The lead investor was Point72 Ventures. Shield AI will use the funding to help scale and further integrate its self-driving software, Hivemind, into additional platforms across the Defense industry. Hivemind currently runs on Shield AI's Nova-class SUAS to enable indoor-outdoor reconnaissance without GPS or communication links and has been used on combat operations since 2018. Shield AI CEO Ryan Tseng said, "The funding allows Shield AI to accelerate delivery of next generation AI capabilities to conflict zones at scale." Fellow co-founder and former Navy SEAL Brandon Tseng added, "We believe that Shield AI's ability to enable unmanned systems to operate without GPS or communications is critical for national security interests especially in this era of Great Power Competition where comms and GPS are relentlessly attacked."Daniel Gwak, Partner at Point72 Ventures, said, "Shield AI brings a world-class AI engineering team, coupled with the experience and leadership of distinguished veterans, to the national security sector. We believe the software company's combat-proven AI self-driving systems, with their ability to function without access to GPS or comms, have the ability to be game-changers."Shield AI partners with the Defense Department and Defense OEMs to integrate its Hivemind AI and autonomy software stack into unmanned systems, including retrofitting existed ones. By applying reinforcement learning to scalable simulations, Shield AI trains unmanned systems to learn additional tactics and behaviors to autonomously accomplish new missions, ranging from undertaking clearance operations to breaching integrated air defense systems. The company's next-generation Nova-class SUAS will be unveiled in the coming months.About Shield AI:Shield AI was founded by Brandon Tseng, a former Navy SEAL, Ryan Tseng, a successful tech entrepreneur, and autonomy expert Andrew Reiter.  Led by CTO Nathan Michael of Carnegie Mellon University, the team of 150+ engineers is focused on developing AI systems that operate on the edge. Shield AI was honored by Forbes AI 50, Fast Company's Most Innovative Companies, WIRED 25, and recognized as the leading government services provider in the Inc. 5000. About Point72 Ventures:Point72 Ventures is a global venture capital firm led by a diverse set of domain experts with the capital to lead rounds through all stages of a company's growth. The firm invests primarily in Fintech, AI/ML, Enterprise and Healthcare technologies. As an independent arm of Point72, the global asset management firm led by Steven A. Cohen, Point72 Ventures offers well-informed insights into the global economy. Point72 Ventures has offices in New York City, Palo Alto, California, and Stamford, Connecticut. For more information, visit their website at www.p72.vc

in evidenza
Vittoria Ceretti a Sanremo Dalle sfilate al palco Ariston

CHI E' LA TOP MODEL. FOTO

Vittoria Ceretti a Sanremo
Dalle sfilate al palco Ariston

Zurich Connect

Zurich Connect ti permette di risparmiare sull'assicurazione auto senza compromessi sulla qualità del servizio. Scopri la polizza auto e fai un preventivo


RICHIEDI ONLINE IL TUO MUTUO
Finalità del mutuo
Importo del mutuo
Euro
Durata del mutuo
anni
in collaborazione con
logo MutuiOnline.it
Testata giornalistica registrata - Direttore responsabile Angelo Maria Perrino - Reg. Trib. di Milano n° 210 dell'11 aprile 1996 - P.I. 11321290154

© 1996 - 2021 Uomini & Affari S.r.l. Tutti i diritti sono riservati

Per la tua pubblicità sul sito: Clicca qui

Contatti

Cookie Policy Privacy Policy

Cambia il consenso

Affaritaliani, prima di pubblicare foto, video o testi da internet, compie tutte le opportune verifiche al fine di accertarne il libero regime di circolazione e non violare i diritti di autore o altri diritti esclusivi di terzi. Per segnalare alla redazione eventuali errori nell'uso del materiale riservato, scriveteci a segnalafoto@affaritaliani.it: provvederemo prontamente alla rimozione del materiale lesivo di diritti di terzi.