Source: Forbes
Summary
Shield AI’s valuation has increased by 140% in one year, largely due to winning a contract to provide software for Anduril’s Fury fighter jet for the U.S. Air Force.
Our Reading
The launch follows a familiar script.
Shield AI’s valuation skyrockets after securing a high-profile contract. Anduril’s Fury fighter jet gets new software. Because what every military aircraft needs is another software update. Shield AI is now worth more, because military contracts are great for business. This is not a new story.
Author: Evan Null
