Shield AI Secures $2B at $12.7B Valuation

Shield AI raised $1.5 billion in Series G financing and $500 million in preferred equity at a $12.7 billion valuation.

Advent International led the Series G and its chairman David Mussafer will join Shield AI's board.

Funds managed by Blackstone are investing $500 million and committing a $250 million delayed draw facility.

JPMorganChase's Strategic Investment Group co-led the round and Todd Combs will join as a board observer.