Shield AI to buy radar maker Echodyne in $5.3B deal; $2.5B raise at $28.8B valuation
On November 5, 2026, Shield (Shield AI) said it had entered a definitive agreement to acquire Echodyne Corp. in a $5.3 billion transaction. Shield is raising $2.5 billion to fund it: a $1 billion Series H at a $28.8 billion post-money valuation co-led by Disruptive and Innovation X Capital, $1 billion of structured equity from Blackstone funds, and $500 million of debt led by JPMorgan. Of the $5.3 billion, $4.8 billion is paid and issued at closing and up to $500 million is contingent on performance targets. Bloomberg put Shield's March valuation at $12.7 billion; The Next Web said today's figure is more than double that.
Echodyne radars power hundreds of counter-drone and security systems in more than 40 countries, Shield said. The buy builds out Shield's Mission Systems with software-defined C-UAS radars, alongside Hivemind, V-BAT and X-BAT. Closing is expected in early 2027, subject to regulatory approvals.
More on Hivemind, drones and robot business and funding.
Sources
- Shield (Nov. 5, 2026): Shield to acquire Echodyne in a transaction valued at $5.3 billion and raise $2.5 billion at a $28.8 billion valuation
- Echodyne newsroom (Nov. 5, 2026): Shield to acquire Echodyne
- The Next Web (Nov. 5, 2026): Shield AI buys radar maker Echodyne for $5.3B at a $28.8B valuation
- Madrona (Nov. 5, 2026): Celebrating Echodyne — Under the Radar No Longer
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Summarized by Servospace from the sources above, drafted with AI help and checked against those sources before publishing. Claims are the companies' or outlets' unless we say otherwise. How we work.