Palantir in Talks to Invest in Drone Startup at $5 Billion Valuation

Shield AI, a maker of drones and software whose customers include the Ukrainian and U.S. governments, is in talks to raise hundreds of millions of dollars from investors including Palantir and Lockheed Martin, three people familiar with the matter said.

The round would likely value the San Diego-based startup at about $5 billion, before the investment, roughly double its valuation from its last funding round in 2023, the people said.