Shield AI to buy Bill Gates-backed radar maker Echodyne in $5.3B deal, doubling down on Seattle area
· geekwire.com · popularity 21/100 · 0 similar stories today · Defense Technology (Military & Maritime)
Read the original at geekwire.com →
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. Read More
Found in: GeekWire. Rating basis: single outlet; outlet tier 2 (unlisted); 1 feeds; feed position 1.