# Shield Capital

Shield Capital is a Private Equity based in Burlingame, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Burlingame, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** shieldcap.com
- **LinkedIn:** https://www.linkedin.com/company/shieldcap

## Regulatory record

- **CRD number:** 317447
- **SEC file number:** 802-122962
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/317447

## About

Shield Capital is a venture capital firm investing in early-stage companies building technologies that matter in artificial intelligence, autonomy, cybersecurity, and space. Its veteran team of founders, investors, and national security leaders is mission-focused in support of entrepreneurs addressing the convergence of commercial technology and national security.

## Sectors

- AI/ML
- Autonomy & Robotics
- Cybersecurity
- SpaceTech
- Defense Tech

## People

- Philip Bilden — Founder and Managing Partner
- Raj Shah — Founder and Managing Partner
- Michael Brown — Partner
- John Serafini — Partner

## Questions

### Who runs investment decisions at Shield Capital?

Founding Managing Partners Philip Bilden and Raj Shah lead the investment team, supported by Partners Michael Brown and John Serafini. The firm lists seven investment professionals total on its team page, including Principals Akhil Iyer and David Rothzeid. Investment decisions appear concentrated within this group.

### How does Shield Capital source deal flow?

Shield Capital sources primarily through its network of national security leaders, including a formal National Security Advisory Board that features a former Chairman of the Joint Chiefs, a former NATO Supreme Allied Commander, and a former Director of the National Geospatial-Intelligence Agency. This architecture provides direct line-of-sight into defense procurement needs and the companies emerging to address them.

### What investment stages does Shield Capital target?

Shield Capital invests at the early stages — seed and Series A. Recent disclosed deals include leading the seed round for Autonomous Cyber, co-leading the seed round for UFORCE alongside Lakestar, and co-leading Star Catcher's $65 million Series A. The firm describes its mandate as backing early-stage companies building technologies in AI, autonomy, cybersecurity, and space.

## Related profiles

- [Shibumi International](https://altss.com/profile/shibumi-international)
- [Shields Capital](https://altss.com/profile/shields-capital)

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Last updated: 2026-08-11T15:08:04.536Z

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