Latest news with #ShieldAI
Malaysian Reserve
8 hours ago
- Business
- Malaysian Reserve
Shield AI V-BAT Selected by Netherlands Ministry of Defence to Equip Navy and Marine Corps
DEN HELDER, Netherlands, July 9, 2025 /PRNewswire/ — Shield AI, the deep-tech company building state-of-the-art autonomy software products and defense aircraft, today announced that the Netherlands Ministry of Defence has procured eight V-BAT unmanned aircraft systems to enhance maritime intelligence, surveillance and reconnaissance (ISR) operations for the Royal Netherlands Navy and Marine Corps. The deal was publicly announced at the Maritime Uncrewed event hosted by the Royal Netherlands Navy in Den Helder, where officials highlighted the V-BAT acquisition as part of a broader effort to modernize the force. The decision to procure V-BAT reflects a decisive and focused push to field battle-proven, autonomy-enabled systems capable of operating in contested environments and without reliance on GNSS for navigation or mission execution. 'V-BAT's small logistical footprint, ease of use and the possibility to deploy from a wide range of vessels make it well-suited for our operational needs,' said a spokesperson for the Netherlands Royal Navy. 'We're integrating this system to strengthen our naval ISR capabilities and ensure continued interoperability with NATO forces.' This Navy's decision was informed in part by V-BAT's demonstrated success in Ukraine – where the platform is executing long-range, long-endurance ISR and targeting with complete independence from GNSS. V-BAT also conducted a successful month-long flight trial during NATO's REPMUS 2024 exercise, where V-BAT conducted maritime ISR operations aboard the HNLMS Johan de Witt. That event helped validate the system's shipboard performance and informed the Dutch Ministry's decision-making process. 'V-BAT was built for the types of missions the Dutch Navy and Marine Corps are preparing for—dynamic, distributed, and high-stakes,' said Brandon Tseng, Shield AI's President and Co-founder. 'It's operational today, proven in the most demanding combat environments, and delivers mission-critical capabilities unmatched by any other system. The Netherlands has a strong reputation for fielding cutting-edge capabilities quickly and effectively, and it's great to see them join a growing list of U.S. allies and partners choosing V-BAT for its flexibility, performance, and mission readiness.' The V-BAT is the only single-engine ducted-fan vertical takeoff and landing (VTOL) unmanned aircraft system (UAS) operationally deployed across multiple regions worldwide. Its compact footprint and ability to launch and recover in confined spaces make it ideal for shipborne and austere environments, ensuring flexibility and resilience in complex missions. V-BAT has earned its reputation for reliability, operating with impunity in GPS-denied and comms-contested environments. Its proven performance in regions like Ukraine, the Black Sea, and the Indo-Pacific demonstrates its ability to withstand advanced electronic warfare threats that have grounded many traditional drones. About Shield AI Founded in 2015, Shield AI is a venture-backed defense technology company with the mission of protecting service members and civilians with intelligent systems. Its products include the V-BAT aircraft, Hivemind Enterprise, and the Hivemind Vision product lines. With offices in San Diego, Dallas, Washington, D.C., Boston, Abu Dhabi (UAE), Kyiv (Ukraine), and Melbourne (Australia), Shield AI's technology actively supports U.S. and allied operations worldwide. For more information, visit Follow Shield AI on LinkedIn, X, YouTube and Instagram. Media Contact: Lily Hinz; media@
Yahoo
13 hours ago
- Business
- Yahoo
RTX, Shield AI Partner to Integrate Advanced AI, Autonomy into Defense Products
RTX Corporation (NYSE:RTX) is one of the best US stocks to buy and hold in 2025. On July 1, RTX announced a partnership with Shield AI. The collaboration will integrate Shield AI's advanced capabilities, such as its Hivemind autonomy software and Visual Detection and Ranging/ViDAR software, into select RTX defense products, such as loitering munitions and sensors. This work will be fully funded by RTX and Shield AI themselves, without government investment. RTX plans to integrate Shield AI's Hivemind, which is an AI pilot for military and commercial aircraft, enabling missions without GPS, communications, or remote piloting, to field the first operational weapon powered by Networked Collaborative Autonomy/NCA. An aerial view of a commercial jetliner in flight, its airframe glinting in the sun. NCA is a breakthrough technology that combines real-time coordination, resilience, and combat-proven firepower. Additionally, Shield AI's ViDAR software, which enables automated AI-based sensor autonomy for detecting, identifying, geolocating, and tracking objects using wide-area motion imagery, will be integrated with RTX's Multi-Spectral Targeting System/MTS. RTX Corporation (NYSE:RTX) is an aerospace and defense company that provides systems and services for commercial, military, and government customers in the US and internationally. While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
The Verge
19-06-2025
- Automotive
- The Verge
Mark Walter is buying majority ownership of the Lakers at a $10 billion valuation,
LeBron James, combat drones and Slate Auto? reports ESPN. Walter runs TWG Global, which owns chunks of other sports teams, and also owns a fun grab-bag of other companies, including Shield AI and Slate Auto. LeBron-themed pickup truck when?
Yahoo
12-06-2025
- Business
- Yahoo
Voyager soars 82% on first day of trading as defense tech booms
Voyager Technologies' stock surged 82% on its first trading day. The company plans to use initial public offering funds for research, acquisitions, and debt repayment. Voyager's IPO highlights renewed interest in defense and space tech from investors. Defense tech company Voyager Technologies closed its first day of trading 82% higher than its initial public offering price. Voyager, which provides software for space and defense tech companies, priced its New York Stock Exchange debut at $31 per share on Tuesday. It offered 12.4 million shares and closed at $56.48 per share on Wednesday. Shares continued climbing after hours. Voyager plans to use the cash injection from the offering to fund investment in research and development programs and buy assets needed for growth, the company said in a statement on Tuesday. A portion of the proceeds may also be used to pursue mergers and acquisitions in Voyager's core business areas. The rest will be used for repaying debt and the business's day-to-day needs, the company said. Morgan Stanley and JPMorgan jointly led the offering. Early investors in Voyager include national security-focused venture firms Industrious Ventures, Marlinspike, and Scout Ventures. Voyager's IPO is an outlier because most venture-backed companies have preferred to stay private, especially after the pandemic. Like many tech companies that go public, Voyager is unprofitable. Founded in 2019, it's younger than peers like Palantir, which was founded in 2003 and went public in 2020, and Anduril, which was founded in 2017 and remains a private company. Voyager also relies largely on one client: the US government. The company posted $144 million in revenue last year, out of which 80% came from US government work. NASA alone made up 25% of its sales last year. Voyager reported a loss of $66 million in 2024, over double the prior year's loss, according to a regulatory filing. The IPO pop shows a renewed interest in defense and space tech companies from Silicon Valley and Washington alike. In an inaugural speech in January, President Donald Trump said that "We will pursue our manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars." Late last month at the Shangri-La Dialogue in Singapore, Defense Secretary Pete Hegseth, who has been bullish on battlefield tech, said that America's military will be equipped with the most advanced capabilities as part of the 2026 fiscal year budget. US military leaders have increasingly prioritized the development of AI capabilities in recent years, and want to build up America's arsenal in the technological arms race with China. They have argued that whichever country dominates this tech space will win future conflicts. Top VCs, including Founder's Fund and Andreessen Horowitz, have been pouring into defense tech darlings like Anduril and Shield AI. In March, Shield AI raised $240 million in a funding round, boosting its valuation to $5.3 billion. Last week, Anduril closed a new funding round of $2.5 billion, a deal that more than doubled the defense startup's valuation to $30.5 billion. Read the original article on Business Insider
Business Insider
12-06-2025
- Business
- Business Insider
Voyager soars 82% on first day of trading as defense tech booms
Defense tech company Voyager Technologies closed its first day of trading 82% higher than its initial public offering price. Voyager, which provides software for space and defense tech companies, priced its New York Stock Exchange debut at $31 per share on Tuesday. It offered 12.4 million shares and closed at $56.48 per share on Wednesday. Shares continued climbing after hours. Voyager plans to use the cash injection from the offering to fund investment in research and development programs and buy assets needed for growth, the company said in a statement on Tuesday. A portion of the proceeds may also be used to pursue mergers and acquisitions in Voyager's core business areas. The rest will be used for repaying debt and the business's day-to-day needs, the company said. Morgan Stanley and JPMorgan jointly led the offering. Early investors in Voyager include national security-focused venture firms Industrious Ventures, Marlinspike, and Scout Ventures. Voyager's IPO is an outlier because most venture-backed companies have preferred to stay private, especially after the pandemic. Like many tech companies that go public, Voyager is unprofitable. Founded in 2019, it's younger than peers like Palantir, which was founded in 2003 and went public in 2020, and Anduril, which was founded in 2017 and remains a private company. Voyager also relies largely on one client: the US government. The company posted $144 million in revenue last year, out of which 80% came from US government work. NASA alone made up 25% of its sales last year. Voyager reported a loss of $66 million in 2024, over double the prior year's loss, according to a regulatory filing. The IPO pop shows a renewed interest in defense and space tech companies from Silicon Valley and Washington alike. In an inaugural speech in January, President Donald Trump said that "We will pursue our manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars." Late last month at the Shangri-La Dialogue in Singapore, Defense Secretary Pete Hegseth, who has been bullish on battlefield tech, said that America's military will be equipped with the most advanced capabilities as part of the 2026 fiscal year budget. US military leaders have increasingly prioritized the development of AI capabilities in recent years, and want to build up America's arsenal in the technological arms race with China. They have argued that whichever country dominates this tech space will win future conflicts. Top VCs, including Founder's Fund and Andreessen Horowitz, have been pouring into defense tech darlings like Anduril and Shield AI. In March, Shield AI raised $240 million in a funding round, boosting its valuation to $5.3 billion. Last week, Anduril closed a new funding round of $2.5 billion, a deal that more than doubled the defense startup's valuation to $30.5 billion.
