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Story summary
- Shield AI, a San Diego-based startup, raised $2 billion in a funding round co-led by Advent International and JPMorgan Chase, valuing the company at $12.7 billion.
- The round signals rising investor interest in defense technology and artificial intelligence (AI).
- Shield AI plans to use part of the funds to acquire Aechelon Technology, which specializes in tactical simulation software.
- In March 2025, Shield AI raised $240 million at a $5.3 billion valuation.
