Key facts
- CEO Gary Steele said Shield AI plans to raise more than $1 billion.
- The funds are intended for production of the company's latest autonomous fighter jet.
Shield AI CEO Gary Steele said the defense startup plans to raise more than $1 billion to fund production of its latest autonomous fighter jet, according to a report published November 3, 2026.
The report did not name investors, set a timeline or state the size of the jet program the money would support. Shield AI is a private company.