Saronic Technologies, an Austin, TX-based developer of a shipyard designed to build autonomous ships for the hybrid fleet, raised $600M in Series C funding, at $4B valuation.
The round was led by Elad Gil with participation from General Catalyst as a new investor and existing investors, including a16z, Caffeinated Capital, and 8VC.
Led by CEO Dino Mavrookas, Saronic is building unmanned surface vehicles that enable maritime security and domain awareness by combining hardware, software and artificial intelligence into one scalable, fully integrated platform.
The company intends to use the funds to build Port Alpha, invest into the U.S. shipbuilding infrastructure, and work with federal and state legislators to establish public-private partnerships.
Port Alpha will enable the expansion of Saronic’s Autonomous Surface Vessel (ASV) fleet into medium and large-class autonomous ships for defense applications.
FinSMEs
19/02/2025