Anti-Drone AI Startup in Talks for $2 Billion Valuation

Allen Control Systems, a four-year-old startup building an autonomous weapons station that can shoot down drones, is aiming to raise new funding at a valuation of $2 billion before the investment, according to two people with knowledge of the efforts.

The startup is targeting a round size of roughly $200 million, the people said.

The company’s target valuation would be over 14 times its last round, a remarkable increase even compared to the recent financings of other defense-tech startups.

The startup has won some government contracts, including a $2 million Defense Department deal awarded in January.