• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
FinanceAI

$2.8 billion startup cofounded by Navy SEAL to buy Australian firm that’s helping upgrade its drones: ‘We’re building the world’s best AI pilot’

Luisa Beltran
By
Luisa Beltran
Luisa Beltran
Finance Reporter
Down Arrow Button Icon
Luisa Beltran
By
Luisa Beltran
Luisa Beltran
Finance Reporter
Down Arrow Button Icon
April 4, 2024, 3:52 PM ET
Brandon Tseng, Shield AI’s cofounder and president, wants to put its AI pilot on more aircraft.
Brandon Tseng, Shield AI’s cofounder and president, wants to put its AI pilot on more aircraft. Courtesy of Shield AI
Add Fortune on Google for similar content.

Shield AI, a defense tech startup valued at $2.8 billion, has agreed to buy Sentient Vision Systems for an undisclosed sum.

Recommended Video

Melbourne-based Sentient has developed AI-enabled edge solutions that detect and identify small objects in real time. The company employs about 50 people and will operate as a wholly owned subsidiary of Shield AI. The deal boosts Shield AI’s total employee headcount to about 750, a spokeswoman told Fortune. Pending Australian regulatory approval, the deal is expected to close in four to six weeks, according to Brandon Tseng, Shield AI’s cofounder and president.

In August, Sentient and Shield AI announced the joint development of Sentient Observer, a wide-area motion-imagery solution that uses ViDAR, Sentient’s AI system. The technology, similar to radar but using cameras, “gives [aircraft] the ability to detect targets of interest with just a couple pixels of information coming from that camera,” said Tseng, a former Navy SEAL.

An aircraft that could typically search 300 square nautical miles per hour can search up to 2,000 using Sentient Observer. The technology lets an aircraft see “very, very large areas at any given moment in time,” Tseng told Fortune. The companies are working together to integrate the technology onto V-BAT, Shield AI’s series of drones, with plans to fly the upgraded drones later this year.

The startup’s AI pilot enables aircraft and drones to operate autonomously. Its first product, Hivemind, enables aircraft to operate and complete missions without remote operators or GPS. Hivemind has been used to fly jets, three quadcopters, and a landing drone.

Shield AI’s mission is to “protect service members and civilians with artificial intelligence systems,” Tseng said. “In pursuit of that, we’re building the world’s best AI pilot.”

‘We do think about it’

Tseng cofounded Shield AI in 2015 with his brother, Ryan, and Andrew Reiter. Ryan Tseng, Shield AI’s CEO, is also the founder and ex-CEO of WiPower, a wireless charging company that was sold to Qualcomm in 2010. Reiter, a Shield AI technical fellow, spent five years at Draper Laboratory, a nonprofit advanced engineering company in Cambridge, Mass., where he helped develop visual-inertial guidance systems.

The startup says it isn’t looking to replace big-time manufacturers like Boeing or Airbus, but instead wants to work with them, Tseng explained. Shield AI wants to put its AI pilot in their aircraft so jets can navigate without GPS, without communications. “For us, it’s about putting the AI pilot on more and more aircraft,” he added.

By focusing on AI-based flight, Shield AI has something to offer for defense, security, and general aviation purposes, said Brian Smiga, a cofounding partner at Alpha Partners, a venture firm that’s invested in the startup. “Shield AI is doing the same thing for flying that Tesla is doing for self-driving cars,” Smiga added.

Shield AI has raised $1.1 billion, according to Crunchbase. Other investors include Andreessen Horowitz, Point72 Ventures, and Breyer Capital. In December, Shield AI was valued at $2.8 billion after raising $500 million, including $300 million in equity.

The San Diego–based startup has told investors that it expects to produce nearly $750 million in annual sales and $100 million in profit by 2026, according to the New York Times.

Many are expecting Shield AI to go public, but the timing remains unclear. Right now, Tseng told Fortune, the company’s focus is on scaling its business.

“We do think about it,” he said. “An IPO is definitely an option in the next couple of years, but it’s not something that we are squarely focused on right now.”

About the Author
Luisa Beltran
By Luisa BeltranFinance Reporter
LinkedIn icon

Luisa Beltran is a former finance reporter at Fortune where she covers private equity, Wall Street, and fintech M&A.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Finance

After SpaceX’s $2 trillion debut, investors are eyeing Anthropic and OpenAI. Market experts share how to play the next trillion-dollar IPO
MagazineIPOs
After SpaceX’s $2 trillion debut, investors are eyeing Anthropic and OpenAI. Market experts share how to play the next trillion-dollar IPO
By Amanda GerutJuly 22, 2026
4 minutes ago
t
AIMarkets
Billionaire Mike Bloomberg warns Trump’s AI ownership plan would make ‘George Orwell blush’
By Eva RoytburgJuly 21, 2026
9 hours ago
Defense Secretary Pete Hegseth sits and speaks at a Senate Committee Hearing
PoliticsDonald Trump
‘Without these funds, we face critical shortfalls’: Hegseth on additional defense spending following $37.5B Iran War price tag
By The Associated Press and Lisa MascaroJuly 21, 2026
10 hours ago
A ski worker in winter skiing gear strikes a pose in front of a ski slope in Lesotho.
Travel & LeisureDonald Trump
In Lesotho, the country’s only fully operational ski resort offers snowy slopes for Africa’s ski enthusiasts
By The Associated Press and Mogomotsi MagomeJuly 21, 2026
10 hours ago
Moldova’s parliament elects 44-year-old businessman investor Vasile Tofan as prime minister
PoliticsEuropean Union
Moldova’s parliament elects 44-year-old businessman investor Vasile Tofan as prime minister
By The Associated PressJuly 21, 2026
10 hours ago
UN’s worst-case scenario: Energy and fertilizer shock from Iran war could push nearly 19 million more into chronic hunger by 2030
EconomyUnited Nations
UN’s worst-case scenario: Energy and fertilizer shock from Iran war could push nearly 19 million more into chronic hunger by 2030
By Mia OsmonbekovJuly 21, 2026
10 hours ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
11 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
15 hours ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
16 hours ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.