Naval Maritime Autonomy Company Raises $55 Million In Series A Fundraise
10/10/23, 4:33 AM
Location
austinMoney raised
$55 million
Investors
Saronic, Cubit Capital, Ensemble Vc, Overmatch Ventures, Silent Ventures, Point72 Ventures, Lightspeed Venture Partners, Andreessen Horowitz, U.S. Innovative Technology Fund, 8 Vc, Caffeinated Capital
Saronic, a maritime autonomy company focused on surface vessels, announced today a $55 million Series A funding round led by Caffeinated Capital, with participation from 8VC, U.S. Innovative Technology Fund, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, and Cubit Capital. This significant investment underscores Saronic's commitment to addressing critical capability gaps at sea through attritable, autonomous platforms. With this raise, Saronic will accelerate research and development while expanding in-house manufacturing capacity for rapid production.
Company Info
Location
austin, texas, united states
Additional Info
But, Mavrookas asserts, the startup’s also competing on its own merits. Evidently, the Navy was impressed with these; Mavrookas claims that Saronic already has two R&D agreements with the maritime service branch. Saronic is a technology company delivering capabilities through autonomous boats.