Shield AI's valuation surges to $12.7 billion as the defense autonomy startup targets over $540 million in 2024 revenue.

Shield AI has raised $1.5 billion in total funding to develop surveillance drones and autonomous systems

The startup's valuation more than doubled, reaching $12.7 billion

The company is acquiring an autonomy simulation company to expand its technology capabilities

Shield AI is projecting revenues exceeding $540 million for the current year