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Home » News »  Ryan Tseng Net Worth: Co-founder and CEO of Shield AI (AI Pilot Company)

 Ryan Tseng Net Worth: Co-founder and CEO of Shield AI (AI Pilot Company)

Ryan Tseng is the co-founder and chief executive officer of Shield AI. In June 2015, Tseng co-founded Shield AI, with his brother Brandon Tseng, and Andrew Reiter, to protect civilians and service members with the help of intelligent systems.

saumya-sumu by Saumya Sumu
Tuesday, 12 November 2024, 3:25 AM
in News
Ryan Tseng Net Worth

Ryan Tseng Net Worth

Ryan Tseng is the co-founder and chief executive officer of Shield AI. Under his leadership, Shield AI is working to protect civilians and service members with the help of artificial intelligence (AI). Founded in June 2015, Shield AI is an American aerospace and arms technology company based in San Diego, California, United States. 

The company develops artificial intelligence-powered fighter pilots, drones, and technology for military operations. Its clients include the United States Special Operations Command, the US Air Force, the US Marine Corps, the US Navy, and several international militaries.   

Shield AI’s small-unmanned aircraft system (sUAS) Nova became the first AI-powered drone deployed for military purposes in US history. It developed Nova, an autonomous quadcopter drone, and Hivemind, its autonomy and artificial intelligence stack. Currently, the company is on a mission to develop the world’s best pilot AI. And as of 2024, Shield AI is valued at $2.8 billion. 

Ryan Tsenf’s Personal Stats and Other Details
ResidenceCoronado, California, United States
CitizenshipUnited States
Marital StatusUnknown
ChildrenUnknown 
EducationBSEE in Electrical Engineering from University of Florida; MBA in Entrepreneurship, Technology, and Finance from Massachusetts Institute of Technology (MIT)
Current Net Worth and Salary (2024)Unknown
CompaniesShield AI, WiPower
AchievementsCo-founder and CEO of Shield AI, Founder and former CEO of WiPower

This article will look into Ryan Tseng’s net worth, education, career, and more. 

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Ryan Tseng Net Worth

Unfortunately, there is no concrete figure available on Ryan Tseng’s net worth. We will update this section as soon as we come across any reliable on Tseng’s wealth. 

However, it is worth noting that Ryan Tseng is the co-founder and CEO of Shield AI, a company valued at over $2.8 billion. Additionally, he founded WiPower, a wireless charging company that Qualcomm acquired in 2010. As the founder and former CEO of two successful companies, Ryan Tseng likely has considerable personal wealth.

Though there are no official figures available, he is definitely well off. 

Education

Ryan Tseng completed his Bachelor of Science in Electrical Engineering (BSEE) at the University of Florida, graduating with Summa Cum Laude honors. 

During his time there, he took part in several prestigious competitions. He earned 1st place in the Electrical Engineering Senior Design Competition. Also, he won 1st place in the University of Florida Business Plan Competition. Then, his innovative engineering abilities also led him to secure 1st place in the Ansoft/University of Florida Antenna Design Competition.

Following his undergraduate studies, Tseng pursued an MBA at the Massachusetts Institute of Technology (MIT), specializing in Entrepreneurship, Technology, and Finance. 

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Career

Ryan Tseng began his career as the CEO, CTO, and founder of WiPower, Inc., in July 2006. 

At WiPower, he led the development of pioneering wireless power technology aimed at consumer electronics, assembling a talented team to drive innovation in this emerging field. 

Under his leadership, WiPower achieved significant success. It was eventually acquired by Qualcomm, delivering a return of up to 700%. This acquisition laid the foundation for Tseng’s continued work in wireless power technology.

Following the acquisition, Ryan Tseng joined Qualcomm in August 2010, where he served as the Technical Lead for the Wireless Power Program. In this role, he spearheaded hardware, software, systems, and standards engineering for wireless charging. Also, he oversaw the development of several product generations. One of his standout achievements during this period was leading the creation of a wireless charger that TIME Magazine recognized as a Top 10 Tech Product Design of 2014, alongside the Tesla Model S, iPhone 6, and Oculus Rift. 

Tseng also contributed to establishing Qualcomm as a global leader in magnetic resonant wireless power systems. He played a critical role in integrating wireless charging into Qualcomm chipsets. Additionally, he was instrumental in designing technical specifications adopted by a standards organization, which grew to include around 200 member companies. His work at Qualcomm also included formulating an IP strategy for a portfolio encompassing hundreds of patents.

In June 2015, Tseng co-founded Shield AI, with his brother Brandon Tseng, and Andrew Reiter. Shield AI is committed to protecting service members and civilians through the development of artificial intelligence-driven systems. 

Under Tseng’s leadership, the company has grown to more than 500 employees, raised over half a billion dollars, and become a prominent multi-billion-dollar defense technology company. Known for its cutting-edge AI pilots, Shield AI aims to become a transformative force in technology, with a deep commitment to national security and global stability.

Latest Updates

Shield AI’s AI-powered drones had a significant impact on the defense industry. These drones are designed to operate autonomously in complex environments, including those with GPS jamming or other electronic interference. 

Recently, the company deployed these drones in Ukraine, where they have successfully operated under challenging conditions. The V-BAT was able to operate autonomously in challenging environments, without relying on GPS, and completed long-range targeting missions in Ukraine. 

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FREQUENTLY ASKED QUESTIONS

Who is Ryan Tseng?

Ryan Tseng is the co-founder and chief executive officer of Shield AI. In June 2015, Tseng co-founded Shield AI, with his brother Brandon Tseng, and Andrew Reiter. The company aims to protect civilians and service members with the help of intelligent systems. 

Who is the CEO of Shield AI?

The chief executive officer (CEO) of Shield AI is Ryan Tseng. Tseng co-founded the company in 2015 with Brandon Tseng and Andrew Reiter and has been its CEO since. 

How much is Shield AI worth?

In September 2024, Shield AI raised an additional $300 million, bringing its total funding to over $500 million. The defense company is now valued at $2.8 billion.

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Saumya Sumu

Saumya is a tech enthusiast diving deep into new-age technology, especially artificial intelligence (AI), machine learning (ML), and gaming. She is passionate about decoding the complexities and uses of new-age tech. She is on a mission to write articles that bridge the gap between technical jargon and everyday understanding. Previously, she worked as a Content Executive at one of India's leading educational platforms.

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