Shield AI Raises $10.5 Million In Series A Funding, Led By Andreesen Horowitz

SAN DIEGO, April 3, 2017 /PRNewswire/ -- Shield AI, a San Diego based startup whose mission is to save lives with artificially intelligent systems, has raised $10.5M in a Series A round led by Andreesen Horowitz. The funding will be used to accelerate the development and deployment of artificially intelligent products that will protect service members and innocent civilians on the battlefield.

Peter Levine, general partner at Andreesen Horowitz, has been appointed to Shield's Board of Directors. Other major venture investors in Shield AI include Homebrew, Bloomberg Beta, and Founder Collective.

Shield is building an artificially intelligent drone that finds people and threats inside buildings without a remote pilot. Co-founder Brandon Tseng says that "When deployed, Shield AI drones will be the first example of service members using artificial intelligence on the battlefield to gather real-time information that saves lives and will provide immediate protection to US ground forces and innocent civilians caught in conflict."

The impetus for Shield AI was provided by Tseng's experiences serving in combat in Afghanistan. Tseng says "sometimes tragic things happen when good information is lacking on the battlefield." Tseng teamed up with his older brother Ryan (CEO) and Andrew Reiter (CTO) in July 2015 to found Shield. "When Brandon shared his stories of loss, and inspiring vision of artificially intelligent machines that would save lives, Andrew and I left our jobs to join Brandon and start Shield," Ryan says.

Shield AI currently has contracts with the Department of Defense and the Department of Homeland Security. Tseng says the AI-enabled drones are "a tactical asset with strategic impact" and that artificial intelligence "will positively transform the battlefield by providing critical insights that remove the fog of war, which will enable service members to make life-saving decisions."

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shield-ai-raises-105-million-in-series-a-funding-led-by-andreesen-horowitz-300433742.html

SOURCE Shield AI