Valuation roughly quintupled in the 12 months to March 2026, driven by U.S. Air Force CCA (Collaborative Combat Aircraft) program wins and the pending Aechelon simulation acquisition. The long-standing $12.7B vs $13.773B discrepancy for the Series G round is now resolved: every tier-1 source (Shield AI itself, TechCrunch, Bloomberg, Businesswire) uses $12.7B; the $13.773B figure appears to have been a data-provider artifact. Innovation X Advisors publicly announced joining this same Series G in July 2026, at the same $12.7B terms -- a late addition, not a new round. No S-1 filed; CEO Gary Steele (former Splunk CEO) joined in 2025, adding public-company-experience context to any future IPO speculation.
| Round | Date | Valuation | Lead |
|---|---|---|---|
| Series D | 2021-08-01 | $1.0B | Disruptive (Alex Davis); Point72 Ventures (the Series C lead) also participated but did not lead this round |
| Series E | 2022-06-09 | $2.3B+130% | Snowpoint Ventures (Doug Philippone) |
| Series F | 2023-10-31 | $2.7B+17% | U.S. Innovative Technology Fund (Thomas Tull), co-led by Riot Ventures |
| Series F-1 | 2025-03-01 | $5.3B+96% | No formally named lead -- Shield AI's own release describes L3Harris and Hanwha Asset Management as 'major participation from strategic investors,' not as leads |
| Series G | 2026-03-25 | $12.7B+140% | Advent International, co-led by the Strategic Investment Group of JPMorganChase's Security and Resiliency Initiative (Blackstone's $500M preferred-equity + $250M delayed-draw facility is a separate, non-equity-lead investment) |
No upcoming rounds currently reported.
| Status | S-1 Not Filed |
|---|---|
| Timing | 2027 filing / 2028 listing (blog speculation, not company guidance) |
| Notes | A 2024 Fortune interview (via secondary aggregators): co-founder Brandon Tseng said an IPO is 'definitely an option in the next couple of years' but not a near-term focus. Non-tier-1 analysts speculate a listing around $25-30B. |
| Source | Fortune, Apr 2024 (via secondary summaries); SEC EDGAR (no filing found) |
These are cited news signals only, not a PrePost prediction — year/valuation forecasting is on the roadmap but not live yet.
Transparent, formula-based composite (not machine-learned) of five signals: raise velocity, round acceleration, secondary premium/discount vs. the last primary round, up-round streak, and freshness of the last known mark.