Ropes & Gray Advised Advent in Its Investment in Defense Tech Company Shield AI

Ropes & Gray represented Advent International as co-lead investor in defense technology company Shield AI’s $1.5 billion Series G financing round which values the company at $12.7 billion. The Series G was co-led by the Strategic Investment Group of JPMorganChase’s Security and Resiliency Initiative, with participation from existing investors Snowpoint Ventures, InnovationX, Riot Ventures, Disruptive, Apandion, and others. The investment was announced on March 26 and is part of Advent’s commitment to invest up to $1 billion in next-generation defense companies.

Advent is a global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. Advent oversees more than $100 billion in assets under management as of September 30, 2025, and has made 448 investments across 44 countries.

The team was led by private equity partner Eric Issadore, data, privacy & cybersecurity partner Rob Silvers, litigation & enforcement partner Zak Goodwin, IP transactions partner Emily Karlberg, employment partner Stephanie Bruce, executive compensation & employee benefits partner Jennifer Whitney, and tax partner Adam Greenwood.