In the latest development, Shield AI -- which makes software and hardware for drones and other autonomous aircraft used by military and other government organizations -- has raised $165 million in funding, $90 million in Series E equity and $75 million in debt.
The funding is coming in at a $2.3 billion valuation, Shield AI said. The company has been on a strong pace on that front: it follows on from a $210-$300 million Series D about ten months ago that valued the company at $1.25 billion. (It never confirmed the final amount, which was also a mix of equity and debt.)