Saronic, an Austin, TX-based maritime autonomy company focused on surface vessels, raised $55M in Series a funding.
The round was 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.
The company intends to use the funds to accelerate research and development while expanding in-house manufacturing capacity for rapid production.
Led by CEO Dino Mavrookas, Saronic is a defense company with a dynamic blend of innovators, seasoned warfighters, and engineers and technologists from various fields, all dedicated to bringing autonomy to American and allied navies. The company is currently developing Spyglass, a 6-foot vessel, and Cutlass, a 13-foot vessel, each outfitted with remotely updatable software and capable of carrying diverse payloads in communication-denied and GPS-denied environments. These systems enable real-time, collaborative, and autonomous mission-level decision-making, and are designed to navigate the challenges of maritime environments.
FinSMEs
10/10/2023