(Bloomberg) — Defense startup Shield AI has finalized a deal to raise $240 million from investors at a valuation of $5.3 billion — a funding round that adds billions to the company’s valuation, and underscores Silicon Valley investors’ interest in drones, autonomy and national security technology.

Defense startup Shield AI has finalized a deal to raise $240 million from investors at a valuation of $5.3 billion — a funding round that adds billions to the company’s valuation, and underscores Silicon Valley investors’ interest in drones, autonomy and national security technology.

Defence technology startup Shield AI has secured $240m in its F-1 funding round, bringing its valuation to approximately $5.3bn. The funding will facilitate the expansion of Shield AI's Hivemind Enterprise,

The Series F-1 round included the participation of Andreessen Horowitz, U.S. Innovative Technology and Washington Harbour. They were joined by new investors L3Harris Technologies Inc. and Hanwha Aerospace Co.