Shield AI

Challenger

Defense AI company building autonomous drones and AI pilots. $12.7B valuation after $2B Series G (2026). ~$300M 2025 rev. Founded 2015, San Diego. Private.

Defense & Autonomous Systems
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Updated April 2026

Company Overview

About Shield AI

Shield AI is an American aerospace and defense technology company founded in 2015 by former Navy SEAL Brandon Tseng, his brother Ryan Tseng, and Andrew Reiter. Headquartered in San Diego, California, Shield AI develops AI-powered autonomous systems for military and defense applications. Its core products include the Hivemind autonomy software platform, the V-BAT vertical take-off and landing drone, and the X-BAT — the world's first AI-piloted VTOL fighter jet with a 2,000 nautical mile range.

Business Model & Competitive Advantage

Shield AI's business model centers on its Hivemind software platform, which enables aircraft and drones to execute autonomous missions in GPS-denied and communications-degraded environments without remote pilots. Hivemind accounted for approximately 30% of revenue in 2025, with a target of 50% software revenue by 2028. The company competes in the rapidly growing defense autonomy market alongside Anduril, Skydio, and traditional defense primes.

Competitive Landscape 2025–2026

In March 2026, Shield AI raised $2 billion in Series G funding led by Advent and JPMorgan, with Blackstone contributing $500M in preferred shares, valuing the company at $12.7 billion. Revenue reached approximately $300M in 2025, with projections exceeding $540M for 2026 (80%+ growth). Gary Steele was appointed as the new CEO in late 2025, signaling potential IPO readiness.

Revenue
$12700M
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Key Differentiators

Strong Challenger

Shield AI is an established challenger with significant market presence and competitive offerings in Government Tech.

Enterprise Scale

With $12700M in revenue, Shield AI operates at enterprise scale with proven market validation.

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