Business

Shield AI Secures Funding for Drone Program Amid Iran War

Updated 2026-05-19 19:35 UTC 1 source Positive

Shield AI, a drone technology company, has secured a $1 billion funding round and is being tapped by the Pentagon to develop low-cost drones. The move comes as demand for cheaper drones increases due to ongoing tensions with Iran.

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CNBC

Pentagon taps Shield AI for low-cost drone program as Iran war accelerates demand for cheap drones

Shield AI is fresh off a $1 billion funding round, which valued the company at $12.7 billion

2026-05-19 18:32 UTC