Tags Shield AI

Shield AI wins Air Force contract intended to help bridge 'valley of death'

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Shield AI, the defense-focused autonomous drone startup, won a possibly $60 million contact from the Air Force designed to keep cash flowing to companies while they await opportunities to get on major contracts. The contract, awarded through the Strategic Funding Increase (STRATFI) Program, might be small compared to full production awards but can be issued much faster than the two-year budgeting cycle allows for programs of record. Shield will be…