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Shield AI raises $240M at a $5.3B valuation to commercialize its AI drone tech

Shield AI, the San Diego defense tech startup that builds drones and other AI-powered military systems, has raised a $240 million round at a $5.3 billion valuation, it announced today. Shield AI says its Hivemind software already enables fighter jets and drones to fly autonomously. Now, Shield AI wants to sell Hivemind to a broader … Read more

University spin-out Afynia secures $5M seed to commercialize its microRNA panel test for endometriosis

Canadian biotech startup Afynia Laboratories, a spin-out from McMaster University in Ontario, has picked up $5 million in seed funding to commercialize a blood test for endometriosis — a medical condition that can afflict people with a uterus, causing problems like chronic pelvic pain and fertility issues. Endometriosis affects nearly 200 million people worldwide. Getting … Read more

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