Sagewind Capital Announces Sale of Aechelon Technology to Shield AI

Sagewind Capital announced a definitive agreement to sell its portfolio company Aechelon Technology to Shield AI. The transaction is expected to close following customary regulatory approvals. Aechelon provides simulation and geo-specific database technology supporting manned and unmanned systems across Department of War service branches. The company's software creates hyper-realistic, physics-based synthetic environments for training warfighters and autonomous systems. Aechelon serves as the simulation technology provider for the Pentagon's Joint Simulation Environment. Shield AI develops autonomy software and aircraft. The combination supports integration of Aechelon's simulation capabilities into defense platforms. Sagewind has worked with Aechelon's leadership to strengthen organizational infrastructure and invest in research and development. Aechelon completed an acquisition that expanded its capabilities in advanced radar simulation. Raj Kanodia, Co-Founder and President of Sagewind Capital, said the firm partnered with Aechelon based on its technical capability, leadership team and position on strategic national defense programs. Ignacio Sanz-Pastor, Co-Founder and Chief Executive Officer of Aechelon, said Sagewind supported the company's vision and that joining Shield AI enables acceleration of AI-enabled solutions at scale. J.P. Morgan Securities LLC served as exclusive financial advisor to Aechelon. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor to Sagewind and Aechelon. Morrison & Foerster LLP advised Aechelon on government contracting matters.