Meld Valuation / Venture NAV Tracker
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Venture NAV Tracker / Private company

Shield AI

Defense Technologies
Headquarters—
Founded—
Last known roundSeries F2025-03-06 · Shield AI ↗
Reported valuation$5.3B2025-03-06 · Shield AI ↗

+2.5% underlying-company dispersion. ARK Venture Fund carries Shield AI at $157.17/share; Destiny Tech100 carries it at $161.17/share. Flags disclose class, wrapper, and basis context without hiding a filed mark.

Security-class differences are disclosed on the affected rows; non-degenerate marks remain in the underlying-company comparison band. 2 rows are omitted from dispersion statistics under the degenerate-mark guard; each affected row states why.

Cross-fund comparison

Equity & warrant marks

One underlying-company band; one latest disclosed mark per fund and security.

FundFair valueSecurity / annotationsImplied price / shareMark age vs roundMethodology / filing
DXYZDestiny Tech100$31.1MMar 31, 2026 · source ↗preferredFair value hierarchy level 3Filed as preferred; the comparison band's majority class is common.No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.$161.17Mar 31, 2026 · source ↗390dMar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
ARKVXARK Venture Fund$3.1MApr 30, 2026 · source ↗commonFair value hierarchy level 3No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.$157.17Apr 30, 2026 · source ↗420dApr 30, 2026 · source ↗N-PORT 2026-04-30 ↗
HTGCHercules Capital, Inc.$1.2MMar 31, 2026 · source ↗equityFair ValueFiled as equity; the comparison band's majority class is common.No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.Carried at warrant/option value (net of strike), not underlying share value — not comparable to share marks as filed.Omitted from statistics — Carried at warrant/option value (net of strike), not underlying share value — not comparable to share marks as filed.$40.24Mar 31, 2026 · source ↗390dMar 31, 2026 · source ↗10-Q 2026-03-31 ↗

Cross-fund comparison

Debt investments

Included in the same underlying-company comparison band.

FundSecurity type / annotationsPrincipalFair valueFV / principalRateMaturityMark age vs roundNon-accrual
HTGCHercules Capital, Inc.senior secured loanFair Value — Senior SecuredFiled as senior secured loan; the comparison band's majority class is common.No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.Omitted from statistics — security type is not an eligible fund-equity mark for dispersion.$117.4MMar 31, 2026 · source ↗$117.2MMar 31, 2026 · source ↗99.9%Mar 31, 2026 · source ↗Prime + 0.85 %, Floor rate 6.85 %, Cap rate 9.60 %, PIK Interest 2.50 %, 2.50 % Exit FeeMar 31, 2026 · source ↗Feb 1, 2029Mar 31, 2026 · source ↗390dMar 31, 2026 · source ↗NoMar 31, 2026 · source ↗

Historical marks

Reported fair value by fund

Each bar is a disclosed position-quarter.

$31.1MDXYZMar 31, 2026 · source ↗$117.2MHTGCMar 31, 2026 · source ↗$1.2MHTGCMar 31, 2026 · source ↗$3.1MARKVXApr 30, 2026 · source ↗$7.2MARKVXApr 30, 2026 · source ↗
Figures are compiled from public filings.Read methodologyMELD Valuation