Saronic, a leader in defense technology focusing on autonomous surface vessels (ASVs), has announced a Series B funding round of $175 million, boosting its valuation to $1 billion. The round was led by Andreessen Horowitz (a16z), with participation from 8VC, Caffeinated Capital, Elad Gil, and NightDragon. With this funding, Saronic aims to enhance its U.S. manufacturing capabilities, scale production of ASVs, and develop new autonomous capabilities. The investment will also support international expansion to better serve U.S. allies. Saronic’s CEO, Dino Mavrookas, highlights the importance of integrating unmanned systems into the existing navy fleet to meet emerging threats. The funding also signals a strong belief in Saronic’s innovative approach by notable investors. The company’s ASVs, including Spyglass, Cutlass, and the developing Corsair model, are designed to operate in challenging environments and improve fleet survivability, offering advanced autonomous capabilities at an affordable price point.
Defense Technology, Maritime, Private Equity & Venture Capital,United States, Global
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