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Naval Maritime Autonomy Company Raises $55 Million In Series A Fundraise

Oct 10, 2023about 2 years ago

Amount Raised

$55 Million

Austin

Investors

SaronicCubit CapitalEnsemble VcOvermatch VenturesSilent VenturesPoint72 VenturesLightspeed Venture PartnersAndreessen HorowitzU.S. Innovative Technology Fund8 VcCaffeinated Capital

Description

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 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