[Funding News] Saronic Secures $175 Million Series B Funding

Saronic, Reimagining Maritime Autonomy has secured $175 million Series B funding round led by Andreessen Horowitz, which will put Saronic’s valuation at $1 billion. Other participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, among others.

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This new investment will accelerate company’s growth by expanding manufacturing at our facilities in Austin, TX, and increasing production of our growing family of autonomous surface vessels (ASVs) to ensure the U.S. military maintains its decisive advantage over adversaries and rapidly evolving threats at sea.

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“We are creating an entirely new capability for the maritime domain, one that delivers naval power without the costs and delays of a shipyard,” said Saronic CEO Dino Mavrookas. “As the future of naval warfare will rely on manned and unmanned teaming, we must build solutions that easily integrate into the existing fleet and can be produced at scale to meet any emerging threat. We are grateful to our investment partners who believe so strongly in Saronic’s ability to meet that need.”

“Our nation’s future depends on us continuing to build and deploy the best, most innovative technology” said Katherine Boyle, General Partner at a16z. “Saronic is developing the solutions we need to protect the warfighter and stay ahead of our adversaries, and we are proud to support their continued growth.”

“To deter China and other adversaries, the United States and our allies must bring intelligent, autonomous new capabilities to naval warfare,” said Alex Moore, Partner at 8VC. “Saronic delivers these capabilities on a relevant scale and timeline, and has enlisted the top engineers and operators in the industry.”

About Saronic

Founded in 2022, Saronic is building cutting-edge unmanned surface vehicles that enable maritime security and domain awareness by combining best-in-class hardware, software and artificial intelligence into one scalable, fully integrated platform.