Shield AI develops Hivemind, autonomy software that flies aircraft and drones without GPS or a remote pilot.
| date | round | amount | valuation | investors |
|---|---|---|---|---|
| Mar 2026 | Series G | $1.5B | $12.7B post-money | not disclosed |
| Oct 2023 | Primary | $200M | $2.7B post-money | U.S. Innovation Technology Fund, Riot Ventures |
Frankel cited his role in Shield AI's first institutional check and argued that the United States needs defense AI because adversaries have powerful capabilities, highlighting his concern about Chinese open models.