L3Harris Technologies-backed (LHX) Shield AI is in discussions to raise up to $1 billion, potentially pushing its valuation to about $12 billion, Bloomberg reported Friday, citing sources familiar with the matter.
Sources told Bloomberg that financing talks are ongoing and deal terms remain subject to change.
Shield AI's last capital raising in March 2025 was for $240 million, valuing the company at $5.3 billion. Bloomberg said its Bloomberg Beta venture firm was among the investors in this round, along with L3Harris Technologies.
Shield AI did not immediately respond to MT Newswires' request for a comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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