Startup Shield AI lands $60M to build artificial intelligence 'pilots' for military aircraft

Shield AI, a San Diego startup that's building artificial intelligence "pilots" for military aircraft and drones, has pulled in an additional $60 million in venture capital funding. The money is follow-on investment to a financing that Shield AI announced in June. It brings the total amount raised in the Series E round to $225 million -- made up of $150 million in equity and $75 million in debt. The additional capital came from the U.S. Innovative Technology Fund. Founded in 2015, Shield AI has raised just under $575 million since inception.