Shield AI to buy radar maker Echodyne for $5.3B at a $28.8B valuation
Shield AI has agreed to acquire Echodyne, which makes radars for counter-drone systems, for $5.3B. The company is raising $2.5B in equity and debt to fund the deal, lifting its valuation to $28.8B. Shield AI aims to use Echodyne's radar technology to sell beyond the military into areas such as public safety.
