Illustration: Sarah Grillo/Axios
• Shield AI, a San Diego-based developer of military drone tech, raised $1b in Series H funding. Disruptive and Innovation X Capital led, joined by Advent, JPMorganChase's Security and Resiliency Initiative, Snowpoint Ventures, Apandion, and Center15 Capital.
- It also secured a $1b structured equity investment from Blackstone and $500 million in debt led by JPMorgan, and agreed to buy radar provider Echodyne for $5.3b.
- Echodyne had raised around $200m from Baillie Gifford, Northrop Grumman, Vulcan Capital Management, Cercano Management, NEA, Vanedge Capital, and Madrona Venture Group. axios.link/4AkoLf4
• Adani Ports will acquire Evos, Europe's second-largest independent liquid storage operator, from Igneo Infrastructure Partners for €2.56b, or $2.88b. Go deeper
⚡️ Harbinger, a Garden Grove, Calif.-based EV truck maker, raised a $240m Series D. Tiger Global, Capricorn, and Ridgeline led, joined by FedEx, Fidelity, Squarepoint Capital, Xantium, Maniv, Greycroft, Australian Gulf Capital, PanaceaVC, ArcTern Ventures, Leitmotif, TechNexus, and BuildGroup. Go deeper
• Ocient, a data warehouse and unified AI analytics platform, closed a $100m Series C, CEO John Morris tells Axios Pro exclusively. Go deeper
• E-commerce analytics startup Chord acquired business intelligence platform Zenlytic in an all-stock deal valued in the range of $5m, Axios Pro has learned. Go deeper
• Greenbriar Equity Group-backed AIT Global Logistics acquired Sydney-based freight forwarder Connor Anderson International. Go deeper
PS Logistics subsidiary Loudon County Trucking has acquired substantially all the assets of Tennessee-based flatbed and oversize load carrier Roane Transportation Services. Trucking Diveo deeper
• Humble Robotics, an SF-based autonomous electric trucking startup, raised $51m in Series A funding from Obvious Ventures, Eclipse, and EIP. Go deeper
• Atmospheric AI, a startup modeling raw material supply chains, has raised $10.1 million in seed funding to expand its product into new sectors, co-founder and CEO Roee Goldberg says. Go deeper
• Shackleton AI, an NYC-based construction technology company, raised $5m in seed funding led by Battery Ventures, with participation from Brick & Mortar Ventures, Trust Ventures, Correlation Ventures, Motivate Partners, Thayer Investment Partners, Act One Ventures, Brainstorm Ventures and Silence VC. Go deeper
• Kodiact, an SF-based materials sourcing startup, raised $2.5m in pre-seed funding. Supply Change Capital led, joined by Green Circle Foodtech Ventures and Velocity Catalyst. Go deeper
