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Raj Shah
VCFounder & Managing Partner, Shield Capital
F-16 pilot turned defense tech venture capitalist
San Francisco, CA1 notable investments
Pre-SeedSeedSeries A
DefenseSecurityAIDeep TechInfrastructure
Background
Raj Shah co-founded Shield Capital after serving as Director of the Defense Innovation Unit (DIU) under SecDef Ash Carter. He is an active F-16 pilot in the Air National Guard and previously co-founded Morta Security (acquired by Palo Alto Networks) and Resilience cyber insurance. He holds an AB from Princeton and an MBA from Wharton.
Investment Thesis
Bridging Silicon Valley and the Pentagon to fund dual-use frontier technologies.
Investment Focus
Stages
Pre-SeedSeedSeries A
Sectors
DefenseSecurityAIDeep TechInfrastructure
Based in: San Francisco, CA (North America)
Notable Investments
Last updated: Jun 11, 2026