Shield Capital — Full Portfolio

Elroy Air develops autonomous hybrid-electric aircraft for heavy-payload cargo delivery, serving commercial logistics, defense, and humanitarian customers.

Deep TechHardwareLogistics & Supply ChainRoboticsCalifornia, US

DMDave Merrill(Executive Officer, Director)CCClint Cope(Director)ACAndrew Clare(CEO)in

BoardDLDarren Liccardo(Director)in

Board seatRSRaj Shah· per SEC Form D

Co-investorsSNSnowpointASAster CapitalCACatapult VenturesCICity LightHCHCVCHEHemisphere Ventures LLC+11 more

Knit.ai provides data-driven vendor analysis and performance visibility for IT and Security teams managing complex technology stacks.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaS

PJ Kirner(CTO & Co-Founder)Matthew Glenn(CEO & Co-Founder)

Co-investorsDCDCVC (Data Collective)

UFORCE builds autonomous defense systems, including combat-proven platforms used in the Russia-Ukraine War for missions in contested environments.

AI & Machine LearningCybersecurityDeep TechDefense TechEnergyRoboticsSpace Tech

Patrick O'Brien(CEO & Co-founder)Bohdan Volyanyuk(Co-founder & COO)Andrew Rush(Co-founder)MSMichael Snyder(Co-founder)Bryan Lyandvert(Co-founder)Oleg Rogynskyy(CEO)

Co-investorsCECerberus VenturesLALakestarPEPerot Jain

TENEX provides AI-driven cybersecurity detection, automation, and managed services for organizations, combining machine learning with human expertise.

AI & Machine LearningCybersecurityEnterprise SoftwareSarasota, US

EFEric Foster(Co-founder)inESEdwin Solis(Co-founder)inRSRyan Shreve(Co-founder)inJGJan Grzymala-Busse(Founder)inVKVenkata Koppaka(CTO)in

BoardEMElias Manousos(Chairman of the Board)

Co-investorsANAndreessen HorowitzDEDeepWork Capital

Albedo develops a flight-proven platform for Very Low Earth Orbit operations, providing satellite-based insights and connectivity services for national security and critical infrastructure systems.

Advanced ManufacturingClimate TechDeep TechDefense TechSpace TechDenver, US

THTopher Haddad(Founder)inALAyJay Lasater(Founder)inWTWinston Tri(Executive Officer, Promoter)inDBDylan Betts(Executive Officer)in

BoardCGChristian Garcia(Director)in

Board seatRaj Shah· per SEC Form D

Co-investorsANAngel Collective Opportunity FundBLBlack FlagBOBooz Allen VenturesBRBreakthrough Energy VenturesDNDnx VenturesJEJetstream+11 more

Boston, US

Michael Baker(Executive Officer, Director)Steve Louden(Executive Officer)inSSSteve Shannon(Executive Officer)inSKStephen Kay(Executive Officer)inGerard Keating(Executive Officer)Sacha Berlik(Executive Officer)

Board seatRRRay Rothrock· per SEC Form D · $45.5M raise · filed Jan 2016

Co-investorsBLBlue Ivy VenturesCACastor VenturesGLGlobespan Capital PartnersLULuminari CapitalMEMenlo VenturesWAWaverley Capital

Shape Security (now part of F5) provides bot defense that uses real-time behavioral analysis and platform-wide telemetry to distinguish humans, trusted AI agents, and malicious automation across web apps, mobile apps, and APIs.

AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareMenlo Park, US

Justin Call(Executive Officer)Tamara MacDuff(Executive Officer)

BoardGGGaurav Garg(Director)inDerek Smith(Executive Officer, Director)Ted Schlein(Director)

Board seatRRRay Rothrock· per SEC Form D · $26M raise · filed Nov 2018

Co-investorsALAllegisCyber CapitalBABaseline VenturesC5C5 CapitalEPEPIC VENTURESJEJetBlue VenturesKLKleiner Perkins+6 more

Starfish Space develops Otter, an autonomous satellite servicing vehicle that uses electric propulsion to dock with satellites for life extension and disposal.

Deep TechHardwareSpace TechTukwila, US

TBTrevor Bennett(Co-founder)inALAustin Link(Co-founder)in

BoardMBMorgan Beller(Director)inPeter Ortez(Director)LLLetitia Long(Director)

Board seatRaj Shah· per SEC Form D

Co-investorsACACTIVATE CAPITAL PARTNERSBOBooz Allen VenturesCACarbonDEDenver VenturesHYHypothesisINIndustrious Ventures+15 more

Acyber provides offensive security tooling, including a platform called FUZZ-E, to support commercial and government penetration testers and hackers in finding vulnerabilities and compromising networks.

CybersecurityDefense TechGovTech

Co-investorsSBSBXi

Airspace Intelligence develops predictive software for mission-critical operations in defense and infrastructure sectors, serving large airlines and US government agencies.

AI & Machine LearningDeep TechDefense TechLogistics & Supply ChainBoston, US

PBPhillip Buckendorf(CEO)inLKLucas Kukielka(VP of Product Engineering (co-founder))in

Co-investorsANAndreessen HorowitzGRGradient VenturesNENEW VISTA CAPITALOPOperator CollectiveRERenegade PartnersSPSpark Capital+3 more

Anetac offers an AI-powered Identity Vulnerability Management (IdVM) platform that discovers, monitors, and responds to identity risks across human, non-human, and agentic AI identities in hybrid on-premises and SaaS environments.

AI & Machine LearningCybersecurityEnterprise SoftwareLos Altos, US

TETimothy Eades(Executive Officer, Director)in

BoardMBMichael Brown(Director)inEric Newman(Director)

Co-investorsCYCyber Mentor Fund

Apex manufactures productized satellite bus platforms at scale for constellation deployment and critical missions.

Advanced ManufacturingDefense TechHardwareSpace TechLos Angeles, US

ICIan Cinnamon(Co-Founder & Chief Executive Officer)inMBMax Benassi(Co-Founder & Chief Technology Officer)in

Co-investorsANAndreessen HorowitzBABalerion Space VenturesCRCRV (Charles River Ventures)EMEmbedded VenturesGLGlynn Capital ManagementJ2J2 Ventures+11 more

Arena Physica develops electromagnetic superintelligence, combining AI engineering and applied research in RF and electrical engineering for enterprise deployments.

AI & Machine LearningDeep TechHardware

PMPaulo Martins(Founder)in

Co-investors13137 VenturesGAGaruda Ventures

Armada develops edge computing and AI solutions for industrial applications.

AI & Machine LearningCloud ComputingData & InfrastructureDeep Tech

DWDan Wright(Founder)inJRJon Runyan(Founder)inPNPradeep Nair(Founder)in

Co-investors13137 VenturesARArtisanal VenturesCOContraryCRCRESCENT COVE CAPITALFEFelicis VenturesFLFlyover Capital+11 more

Authentic8 provides secure browsing and online investigation tools, with certifications including FedRAMP and SOC 2 aimed at government and enterprise customers.

Cloud ComputingCybersecurityGovTechSaaSRedwood City, US

SPScott Petry(Founder)inRRRamesh Rajagopal(Founder)in

Co-investorsCLClearSkyEAEastward Capital PartnersFOFoundryMEMerus CapitalRARazor's Edge VenturesVIVistara Growth

Catcher operates a B2B marketplace that connects restaurants with couriers and fleets for last-mile delivery, letting merchants post orders and riders accept them via an app.

B2B MarketplacesFoodTechLogistics & Supply Chain

Co-investorsFAFaraday Venture PartnersMCMcWin Capital PartnersB B CapitalCECerberusCECerberus VenturesGRGreatPoint Ventures+2 more

Chariot develops transportable power systems and high-voltage power distribution equipment for military and tactical operations in field conditions.

Defense TechHardwareSan Bruno, US

Adam Warmoth(Executive Officer, Director, Promoter)in

BoardEPErin Price-Wright(Director)in

Co-investorsANAndreessen HorowitzANAngel Collective Opportunity FundBRBrave CapitalDCDCVC (Data Collective)LMLMNT VenturesNENEW VISTA CAPITAL+7 more

Code Metal builds AI-assisted code translation and modernization tools that use formal verification and program analysis to produce tested, standards-compliant, and portable code.

AI & Machine LearningDeep TechDeveloper ToolsBoston, US

PMPeter Morales(Co-Founder & CEO)inASAlex Showalter-Bucher(Co-Founder & SVP of Technology)inRARyan Aytay(President & COO)inLSLaura Shen(EVP & Head of Growth)inJPJennifer Paau(SVP of Business Operations & Strategy)OUOctavian Udrea(Chief Scientist)in

Co-investorsACAccelB B Capital GroupB4B4 CapitalFUFulcrum VentureJ2J2 VenturesSASalesforce Ventures+3 more

A no-code platform automating visual inspection tasks in industrial verticals using deep learning.

Co-investorsVAVanedge CapitalAUAutotech VenturesCICisco InvestmentsENEnergy Innovation CapitalNANational Grid Partners

Danti provides a search engine for location-based and Earth data, allowing users to query geospatial information from multiple sources through a unified interface.

AI & Machine LearningData & InfrastructureEnterprise Software

Jesse Kallman(Founder)in

Co-investorsHUHumba VenturesRARadius Capital VenturesSEService Provider CapitalTETech Square VenturesEMEmbedded VenturesOVOverline+1 more

Dedrone provides an AI/ML-powered airspace security platform that detects, tracks, identifies, and mitigates unauthorized drone threats while enabling authorized drone operations.

AI & Machine LearningDefense TechIoTSterling, US

ISIngo Seebach(Executive Officer)inJoerg Lamprecht(Executive Officer, Director)William Hite(Executive Officer)A(Aaditya (AD) D.in

Co-investorsFEFelicis VenturesFOForgePoint CapitalJCJC2 VenturesMEMenlo VenturesTETempoCapTATarget Partners

Distributed Spectrum builds software for radio spectrum management that combines machine learning, signal processing, and embedded systems.

AI & Machine LearningDeep TechHardwareNew York, US

AWAlex Wulff(Founder & CEO)BHBen Harpe(Founder & COO)inISIsaac Struhl(Founder & CTO)in

Co-investorsCOConvictionFEFelicis VenturesXFXfund

Howso (formerly Diveplane) builds understandable, explainable AI that lets users make decisions directly from data instead of relying on black-box neural networks, and offers an open-source engine.

AI & Machine LearningData & InfrastructureDeep TechEnterprise SoftwareRaleigh, US

CHChris Hazard(Co-founder)inMichael Resnick(Co-founder)MCMichael Capps(Co-founder & Advisor)in

Co-investorsCACalibrate Ventures

Ent is a workspace security platform that monitors human, AI, and application activity in real time and intervenes when it detects risk.

AI & Machine LearningCybersecurityEnterprise Software

Co-investorsFIFirestreak VenturesCRCraft VenturesCRCrosspoint Capital PartnersFEFelicis VenturesINIn-Q-TelSESequoia Capital

Howso develops explainable and interpretable AI systems designed for transparency and trustworthiness, serving researchers, academics, and Fortune 500 enterprises across sectors including finance, healthcare, and government.

AI & Machine LearningData & InfrastructureDeep TechEnterprise SoftwareRaleigh, US

CHChris Hazard(Co-founder)inMichael Resnick(Co-founder)

BoardMichael Capps(Advisor)

Co-investorsCACalibrate VenturesDUDuke Capital PartnersWOWolfpack Investor Network

Knostic provides visibility and governance over AI tool adoption within organizations by detecting sanctioned and unsanctioned AI applications across logs, APIs, and integrations.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareHerndon, US

GadiJonathan

Co-investorsBRBright Pixel CapitalDNDnx Ventures

Metal is an AI context platform that structures company data into a queryable knowledge graph and serves it to AI tools via an open API and Model Context Protocol server.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareFintechSaaSNew York City, US

TLTaylor Lowe(Founder)inJOJames O'Dwyer(Founder)inSPSergio Prada(Founder)in

Co-investorsY Y CombinatorACAccelB B CapitalBABase10 PartnersBOBosch VenturesSASalesforce Ventures

Metal is a platform that uses proprietary intelligence to identify and rank investors aligned with a company's fundraising round and investment thesis.

AI & Machine LearningEnterprise SoftwareFintechSaaSLahore, PK

UGUsman Gul(Founder)in

Co-investorsINIndus Valley CapitalPHPhaze VenturesY Y CombinatorACAccelANAndreessen HorowitzB B Capital+2 more

Metal builds infrastructure for private capital firms using AI and enterprise software.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareFintechNew York, US

TLTaylor Lowe(CEO & Founder)inSPSergio Prada(CTO & Founder)in

Co-investorsSWSwift VenturesBOBosch Ventures

Mimic provides enterprise ransomware and cyber extortion defense software for large organizations.

AI & Machine LearningCybersecurityEnterprise Software

Co-investorsBABallistic VenturesMEMenlo VenturesWIWing1010x Founders212100 VenturesELElaia+3 more

mPower Technology develops advanced power systems and solar technologies for spacecraft and space applications.

Advanced ManufacturingEnergyHardwareSpace TechAlbuquerque, US

DMDr. Murat Okandan(CTO & Founder)inKHKevin Hell(Executive Officer, Director)inKRKaveh Rouhani(Executive Officer)in

BoardMSMark Spoto(Director)inDBDavid Blivin(Director)inLee Rand(Director)

Co-investorsCOCottonwood Technology FundRARazor's Edge VenturesSUSun Mountain CapitalEDEdgeHEHemisphere Ventures LLCLOLockheed Martin Ventures

Nexla is an enterprise-grade AI-powered data platform that connects multiple data sources and transforms them into production-ready data products for AI applications and autonomous agents.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Mateo, US

SSSaket Saurabh(Founder)inASAvinash Shahdadpuri(Founder)in

BoardBRUCE TARAGAN(Director)

Co-investorsBLBlumberg CapitalCOCorrelation VenturesENEngineering CapitalSTStorm Ventures

Obviant is a defense acquisition data platform that combines thousands of structured and unstructured sources to provide budget, program, and organizational intelligence.

Data & InfrastructureDefense TechGovTechArlington, US

BKBrendan Karp(Executive Officer, Director)in

Co-investorsALAloft VCMOMotivate Venture Capital

Omni Instrument builds edge AI industrial devices that use computer vision and SLAM to add spatial intelligence and traceability on factory floors.

Advanced ManufacturingAI & Machine LearningHardwareSan Francisco, US

Raghav Jalan(Founder)

Overwatch Data provides an AI-powered threat intelligence platform that monitors digital sources to detect and combat fraud and security risks for enterprise security and risk teams.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareNew York City, US

ABArjun Bisen(Founder)inZPZara Perumal(Founder)in

Co-investorsNENew Era Capital PartnersPAPathlight VenturesPRPruVen Capital PartnersREREFASHIOND VenturesY Y CombinatorPOPortland Seed Fund+1 more

Overwatch Imaging develops sensor autonomy software and smart sensors for airborne intelligence missions, delivering real-time imagery processing and automated detection capabilities for government and commercial customers worldwide.

AI & Machine LearningDefense TechGovTechHardwareHood River, US

GDGreg Davis(Founder & CEO)in

Co-investorsELElevate CapitalPOPortland Seed FundSQSQUADRA VENTURES

Pillar Security offers a platform to discover, test, secure, and govern AI agents and AI applications across an organization, covering AI asset discovery, adversarial red teaming, runtime guardrails, and governance/compliance reporting.

AI & Machine LearningCybersecurityEnterprise SoftwareMiami, US

DSDor Sarig(Founder)in

Co-investorsGRGround Up VenturesANAndreessen HorowitzCRCrucible Capital

Rangeview develops machines, materials, and software for the energy and defense industries, including a proprietary digital casting technology that reworks the traditional foundry process.

Advanced ManufacturingDefense TechEnergy

Aeden Gasser-Brennan(Founder)in

Co-investorsCACalibrate VenturesMAMarque VenturesPAPathbreaker Ventures

Resilience Insurance provides cyber insurance and technology errors & omissions coverage for enterprise clients across multiple industries.

CybersecurityInsurTech

MPMario P Vitalein

Co-investorsCYCyber Mentor Fund

ReSim provides a simulation and testing platform for physical AI and robotics teams, letting them evaluate embodied AI performance across thousands of virtual scenarios before deployment.

AI & Machine LearningDeveloper ToolsRoboticsPittsburgh, US

SBSimon Box(Founder)in

Co-investorsPRPreston-Werner VenturesXTXTX Markets

Reveal Technology develops defense software solutions for warfighters, first responders, and military personnel.

AI & Machine LearningDeep TechDefense TechEnterprise SoftwareBozeman, US

William Garrett Smith(Executive Officer, Director)GSGarrett Smith(Founder)inJLJohn Laxson(Executive Officer)inRobert Parker Clark(Executive Officer)ADAndrew Dixon(Executive Officer, Director)in

BoardKMKevin Mandia(Director)in

Co-investorsANAndreessen HorowitzBABallistic VenturesBOBooz Allen VenturesDEDefy PartnersNENext Frontier CapitalCOContext Ventures

SeaSats develops autonomous maritime vessels ("Lightfish" and "Quickfish") for ocean surveillance, intelligence gathering, and domain awareness.

Defense TechIoTRoboticsSan Diego, US

Mike Flanigan(Founder & CEO)in

Co-investorsDNDns CapitalHEHemisphere Ventures LLCICIceNineKOKonvoy VenturesMOMonozukuri VenturesRERed Beard Ventures+3 more

Snorkel AI provides a platform and research for building training data and evaluation environments for frontier AI and agentic AI systems.

AI & Machine LearningData & InfrastructureDeep TechRedwood City, US

HKHenry Kiss Ehrenberg(Founder)inChristopher (Chris) Ré(Co-Founder)BHBraden Hancock(Co-Founder (former Head of Technology))inH(Henry (Kiss) Ehrenberg(Co-Founder (former Head of Engineering))inPVParoma Varma(Co-Founder (former Head of Solutions))inMJManas Joglekar(Co-Founder / Founding Engineer (former))in

Co-investorsACAccenture VenturesADAdditionBLBlackRockGRGreylock PartnersGVGV (Google Ventures)INIn-Q-Tel+6 more

UFORCE manufactures unmanned military systems including naval, ground, and aerial drones for defense applications.

Defense TechHardwareRobotics

OHOleksiy Honcharuk(Co-founder)inDSDenis Smetnev(Founder)inRPRoman Pertsovskiy(Founder)in

Co-investorsANAndreessen HorowitzICICONIQBABallistic VenturesEXExpeditionsIRIron Wolf CapitalLALakestar

Unstructured transforms complex, unstructured data (64+ file types) into clean, structured data suitable for AI and analysis, handling ETL, security, compliance, and integrations across enterprise systems.

AI & Machine LearningData & InfrastructureEnterprise Software

BSBrian S. Raymond(Founder)in

Co-investorsANAngel Collective Opportunity FundANAnsa CapitalM1M12 (Microsoft's Venture Fund)MAMadrona Venture GroupMAMango CapitalMEMenlo Ventures+5 more

Defense technology company building AI software for U.S. national security missions; flagship product is Decrypt.

Palo Alto, US

Brett Carlsen Granberg(Executive Officer, Director)Eleony Shepherd Moorhead(Executive Officer, Director)

Co-investorsALAloft VCBLBlack FlagCOCostanoa VenturesFEFelicis VenturesPOPoint72 VenturesDRDraper Fisher Jurvetson (DFJ)+1 more

Vector develops advanced defense technology solutions, including unmanned systems and integrated warfare capabilities, for the U.S. military and its allies.

Deep TechDefense TechHardwareSalt Lake City, US

Andy Yakulis(CEO and co-founder)Matt Long(Chief Strategy Officer and co-founder)George Matus(CTO and co-founder)

BoardLJLarsen Jensenin

Co-investorsPEPelionBLBlack FlagDADauntless VenturesHAHarpoon VenturesPOPoint72 VenturesKIKickstart

Vorlon provides data security enforcement for traffic generated by AI agents across SaaS apps, cloud data stores, and internal systems.

AI & Machine LearningCybersecurityData & Infrastructure

AKAmir Khayat(Founder)in

Co-investorsACAccel

XEOL provides dataset and tools to identify abandoned and end-of-life open source packages that standard vulnerability scanners miss, helping companies manage risks in their software dependencies.

AI & Machine LearningCybersecurityData & InfrastructureDeveloper ToolsEnterprise SoftwareNew York City, US

SWShiHan Wan(Founder)inBenjamin Visser(Executive Officer, Director)

Co-investorsY Y Combinator46468 Capital