US Innovative Technology Fund

US Innovative Technology Fund, founded in 2022 and based in Pittsburgh, Pennsylvania, operates as a venture capital firm focused on supporting early- and growth-stage technology companies. The firm specializes in investments across various sectors, including artificial intelligence, quantum computing, biotechnology, defense technology, and space technology. It aims to foster innovation in industries related to commercial and defense applications, such as logistics and cybersecurity. As a registered investment adviser, US Innovative Technology Fund seeks to drive advancements in technology by providing financial support and strategic guidance to its portfolio companies.

Elizabeth Stein

Managing Director

Peter Tague

Managing Partner

Past deals in Autonomous Vehicles

Shield AI

Series F in 2025
Shield AI Inc is a San Diego-based company that specializes in developing artificial intelligence systems for national security and first responders. Founded in 2015, the company creates products that enhance safety for service members and civilians through advanced AI technologies. Its prominent offerings include Nova, an autonomous quadcopter drone equipped with lidar technology, capable of navigating in GPS-denied environments to provide real-time imagery and mapping for military operations. Additionally, the company’s Hivemind software allows various unmanned vehicles, including drones and aircraft, to operate autonomously without GPS or human intervention, thereby maintaining maneuverability in contested settings. Shield AI also incorporates the V-BAT, a vertical takeoff and landing aircraft, which has demonstrated resilience in challenging regions such as the Black Sea and the Middle East. The company aims to transform defense operations through innovative machine learning applications, enabling unmanned systems to perform complex tasks in dynamic and unscripted environments.

Shield AI

Series F in 2023
Shield AI Inc is a San Diego-based company that specializes in developing artificial intelligence systems for national security and first responders. Founded in 2015, the company creates products that enhance safety for service members and civilians through advanced AI technologies. Its prominent offerings include Nova, an autonomous quadcopter drone equipped with lidar technology, capable of navigating in GPS-denied environments to provide real-time imagery and mapping for military operations. Additionally, the company’s Hivemind software allows various unmanned vehicles, including drones and aircraft, to operate autonomously without GPS or human intervention, thereby maintaining maneuverability in contested settings. Shield AI also incorporates the V-BAT, a vertical takeoff and landing aircraft, which has demonstrated resilience in challenging regions such as the Black Sea and the Middle East. The company aims to transform defense operations through innovative machine learning applications, enabling unmanned systems to perform complex tasks in dynamic and unscripted environments.

Saronic

Series A in 2023
Saronic is building cutting-edge unmanned surface vehicles that enable maritime security and domain awareness by combining hardware, software, and artificial intelligence into one scalable, fully integrated platform. These vehicles integrate advanced hardware, software, and artificial intelligence to create a scalable and fully integrated platform aimed at enhancing the capabilities of naval and maritime forces. Saronic's products are designed for defense and surveillance applications, offering comprehensive operational capabilities.

Saronic

Seed Round in 2023
Saronic is building cutting-edge unmanned surface vehicles that enable maritime security and domain awareness by combining hardware, software, and artificial intelligence into one scalable, fully integrated platform. These vehicles integrate advanced hardware, software, and artificial intelligence to create a scalable and fully integrated platform aimed at enhancing the capabilities of naval and maritime forces. Saronic's products are designed for defense and surveillance applications, offering comprehensive operational capabilities.

Shield AI

Series E in 2022
Shield AI Inc is a San Diego-based company that specializes in developing artificial intelligence systems for national security and first responders. Founded in 2015, the company creates products that enhance safety for service members and civilians through advanced AI technologies. Its prominent offerings include Nova, an autonomous quadcopter drone equipped with lidar technology, capable of navigating in GPS-denied environments to provide real-time imagery and mapping for military operations. Additionally, the company’s Hivemind software allows various unmanned vehicles, including drones and aircraft, to operate autonomously without GPS or human intervention, thereby maintaining maneuverability in contested settings. Shield AI also incorporates the V-BAT, a vertical takeoff and landing aircraft, which has demonstrated resilience in challenging regions such as the Black Sea and the Middle East. The company aims to transform defense operations through innovative machine learning applications, enabling unmanned systems to perform complex tasks in dynamic and unscripted environments.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.