Shield AI Plans $5.3 Billion Acquisition of Echodyne, Valuation Reaches $28.8 Billion

U.S. defense technology startup Shield AI plans to acquire radar sensor company Echodyne for $5.3 billion, which includes $4.8 billion in cash and equity, along with an additional $500 million contingent on the achievement of Echodyne's milestones. Shield AI will raise $2.5 billion in new funding to support the acquisition, including $1 billion in structured equity financing from Blackstone and $500 million in debt financing from JPMorgan. Together with the previously completed $1 billion Series H funding, the company's valuation will reach $28.8 billion, more than doubling from a valuation of $12.7 billion in March. This financing will be in place after the acquisition is completed.

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