Brandon Tseng Acquires Property From Shield AI

Shield AI, a San Diego-based defense tech startup co-founded by Brandon Tseng, has raised $240 million at a $5.3 billion valuation to expand its AI-powered drone technology. The company’s Hivemind software enables autonomous flight for fighter jets and drones, with plans to commercialize it for robotics companies. The round included investments from L3Harris, Hanwha Aerospace, and Andreessen Horowitz, solidifying Shield AI as the second-largest U.S. defense tech startup after Anduril. INVESTORS: L3Harris, Hanwha Aerospace & Andreessen Horowitz AMOUNT: $240,000,000 VALUATION: $5,300,000,000 HQ: #SanDiego #California #VentureCapital #ShieldAI #BrandonTseng #L3Harris #HanwhaAerospace #AndreessenHorowitz #TradedVC