Billionaire technologist Eric Schmidt has been quietly building a new drone startup in the U.S. and Ukraine within a nesting doll of LLCs that have helped to conceal its operations and team members. Continue reading
Category Archives: AI
Shield AI Valued at $2.8BN After Massive Series F Round
Defense tech startup Shield AI has expanded its latest funding round with another $300 million in equity and debt, bringing its total Series F to $500 million, TechCrunch has exclusively learned. Continue reading
Japan and USA Sign Joint Agreement for AI and UAS Research
The U.S. Department of Defense and the Japanese Ministry of Defense signed a project arrangement for joint research on Overwhelming Response through Collaborative Autonomy, Dec. 22, 2023. Continue reading
Cloneable Emerges from Stealth, Launching AI-driven Platform
Cloneable, a no-code platform designed for building and deploying intelligent applications on edge devices including tablets, IoT devices, robots, and drones, emerged today out of stealth. The founding team, drawing on a decade of expertise as leaders in the commercial drone industry, aims to transform every device in the field into an intelligent extension of a company’s experts. Continue reading
Shield AI Raises $200M, Reaching $2.7BN Valuation
Shield AI, the defense technology company building an AI pilot for aircraft, announced it has raised $200 million in Series F funding in an oversubscribed funding round. This funding, led by U.S. Innovative Technology Fund (USIT) and co-led by Riot Ventures, with participation from Cathie Wood’s ARK Invest and returning investors Disruptive and Snowpoint, values Shield AI at $2.7 billion. Continue reading
Successful UAS Test Flights with US Marine Corps for Sentient AI-ViDAR
Sentient Vision Systems’ Artificial Intelligence enabled ViDAR (Visual Detection and Ranging) sensor edge solution has completed a rigorous evaluation program for the US Marine Corps (USMC) centred on ground and test flights on Unmanned Aerial Systems (UAS). Continue reading
UAE Drone Firm Microavia to Develop AI-Based and Heavy Duty Drones
Microavia, the first UAE-based drone company, is gearing up to revolutionise the MENA region’s security sector with new age AI-based and heavy duty drones fit for uses across sectors, including law enforcement and border security, amid projections of a long-term high double-digit growth in the region’s currently estimated $1.2 billion commercial drone market. Continue reading
Huawei Unveils Smart Fire Detection Solution Using 5G, AI and Drones
Huawei, in cooperation with startup company PROBOTEK, launched its early fire detection use case in Cyprus’ capital Nicosia. The solution, which uses Cyta’s 5G network, has been deployed in Athalassa Park under the umbrella of Huawei’s “Smart & Green Village” program. Continue reading