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Saronic, A Defense Startup Building Autonomous Ships, Raises $55M

Oct 09, 2023•about 2 years ago

Amount Raised

$55 Million

Austin

Investors

AndurilConnie LoizosAnna HeimMavrookasSaronicY CombinatorU.S. Innovative Technology FundCubit CapitalEnsemble VcOvermatch VenturesSilent VenturesPoint72 VenturesLightspeed Venture PartnersAndreessen Horowitz8 VcCaffeinated Capital

Description

Saronic, a startup developing autonomous ships for defense, has raised $55 million in a Series A round led by Caffeinated Capital with participation from 8VC, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, Cubit Capital and the U.S. Innovative Technology Fund.

Company Information

Company

Saronic

Location

Austin, Texas, United States

About

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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech