Vatn Systems raised $13 million in a seed round led by DYNE Ventures to advance autonomous underwater vehicles for US defense.

Nov 12, 2024•about 1 year ago

Amount Raised

$13 Million

Round Type

seed

PortsmouthNational SecurityAerospace

Investors

Decisive PointBlue CollectiveThe Veteran FundCentre Street PartnersFortitude VenturesCubit CapitalSaic VenturesPropeller VenturesIn Q Tel (Iqt)Rtx VenturesLockheed Martin VenturesDyne Ventures

Description

Vatn Systems has successfully raised an oversubscribed $13 million seed round, bringing total funding to $16.5 million. This funding will be used to expand their team and establish a manufacturing facility for their autonomous underwater vehicles aimed at redefining naval warfare.

Company Information

Company

Vatn Systems

Location

Portsmouth, Rhode Island, United States

About

Vatn Systems is a leading defense technology company building autonomous underwater vehicles that can be deployed at scale for the US military and allies. Founded in 2023 by a team of maritime experts and military leaders, Vatn Systems is on a mission to be the next underwater defense prime in a world where autonomous systems dominate naval battlefields.

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Funding Insights

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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