Shield AI Valuation Doubles to $28.8 Billion as It Buys Radar Maker Echodyne for $5.3 Billion
Defense technology company Shield AI announced November 5 that it has agreed to acquire radar manufacturer Echodyne Corp. in a transaction valued at $5.3 billion, while simultaneously raising $2.5 billion in new capital at a $28.8 billion post-money valuation — more than double…