Saronic, an Austin, TX-based defense technology company, raised $175M in Series B funding, at $1 Billion valuation.
The round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, among others.
The company intends to use the funds to accelerate its growth both domestically and internationally. At home, it will allow further expansion of its in-house manufacturing capabilities and enable increased production of all its ASV models. Additionally, Saronic will advance the research and development of new autonomous capabilities for naval and maritime forces, including increased technology and payload integration with government and commercial partners.
Led by CEO Dino Mavrookas, Saronic is empowering the maritime sector for the U.S. Navy and its allies by delivering autonomous surface vessels (ASVs) which are designed to work alongside manned systems to allow naval forces to go farther and do more with less risk to life and mission.
Saronic’s family of ASVs includes Spyglass (6′), Cutlass (14′) and Corsair, its largest model, which is currently in development and testing. Each vessel features integrated autonomous capabilities to meet a customer’s specific requirements and can carry diverse payloads in communication- and GPS-denied environments.
FinSMEs
19/07/2024