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Shield AI to buy Bill Gates-backed radar maker Echodyne in $5.3B deal, doubling down on Seattle area
Shield AI agreed to acquire Echodyne, a maker of compact radar that detects and tracks drones, in a deal valued at up to $5.3 billion.
Summary
Shield AI agreed to acquire Echodyne, a maker of compact radar that detects and tracks drones, in a deal valued at up to $5.3 billion. Shield is raising $2.5 billion to pay for it, including $1 billion in new funding at a $28.8 billion valuation, more than double its value in March.
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