Defense tech startup Shield AI raises $2.5B to help acquire radar company Echodyne, including a $1B Series H at a $28.8B valuation, up from $12.7B in March (Rebecca Torrence/Bloomberg)

Rebecca Torrence / Bloomberg:
Defense tech startup Shield AI raises $2.5B to help acquire radar company Echodyne, including a $1B Series H at a $28.8B valuation, up from $12.7B in March  —  Defense tech startup set to acquire Echodyne Corp., which sells radar sensors to government and commercial customers.