American Drone Startup Notches Rare Victory in Ukraine

October 31, 2024

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American Drone Startup Notches Rare Victory in Ukraine

Above a battlefield littered with failed American drones, California startup Shield AI notched an important victory in Ukraine. The company in August became a rare Western supplier to demonstrate it can withstand the brutal electronic warfare that is downing drones across Ukraine. The country, which has preferred locally made drones, has now requested hundreds of Shield AI systems.

American Drone Startup Notches Rare Victory in Ukraine

Above a battlefield littered with failed American drones, California startup Shield AI notched an important victory in Ukraine. The company in August became a rare Western supplier to demonstrate it can withstand the brutal electronic warfare that is downing drones across Ukraine. The country, which has preferred locally made drones, has now requested hundreds of Shield AI systems.

Department of Defense and U.S. Small Business Administration Announce First Licensed and Green Light Approved Funds for the Small Business Investment Company Critical Technology Initiative

The Department of Defense (DoD) and the U.S. Small Business Administration (SBA) today announced the first group of Small Business Investment Company (SBIC) Licensees and Green Light Approved investment funds approved under the Small Business Investment Company Critical Technology Initiative (SBICCT Initiative). This first group collectively plans to invest over $2.8 billion into over 1,000 portfolio companies.

Department of Defense and U.S. Small Business Administration Announce First Licensed and Green Light Approved Funds for the Small Business Investment Company Critical Technology Initiative

The Department of Defense (DoD) and the U.S. Small Business Administration (SBA) today announced the first group of Small Business Investment Company (SBIC) Licensees and Green Light Approved investment funds approved under the Small Business Investment Company Critical Technology Initiative (SBICCT Initiative). This first group collectively plans to invest over $2.8 billion into over 1,000 portfolio companies.