Sign In
Search
Advanced / Transformational Technology

Saronic Adds $175 Million In New Funding Round To Expand Manufacturing, Pursue International Markets

Cal Biesecker By
SHARE:
Saronic Adds $175 Million In New Funding Round To Expand Manufacturing, Pursue International Markets
Multiple Saronic autonomous surface vessels in formation during testing in Texas. Photo: Saronic

Startup autonomous surface vessel (ASV) developer and manufacturer Saronic last Friday said it raised $175 million in a new funding round that will be used to accelerate and expand its manufacturing, boost research and development, and support international pursuits. The Series B funding round places the Austin, Texas-based company’s valuation at $1 billion and was led by Andreesen Horowitz (a16z), with participation from 8VC, Caffeinated Capital, technology entrepreneur Elad Gil, NightDragon, and others. Saronic this spring said it had acquired…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Advanced / Transformational Technology

Lockheed Martin Demonstrates Airspace Awareness System For Drones With Commercial Partners

Advanced / Transformational Technology

Firestorm Labs Details Participation In RIMPAC Manufacturing Assessment

Advanced / Transformational Technology

Hadrian Raises $1.4 Billion To Cache Firepower Amid Surging DoD Demand For Weapons Manufacturing

Advanced / Transformational Technology

DoD Plans $150 Million Loan To Boost U.S. Rare Earth-Free Magnet Production

Trending

Defense Watch: Golden Dome $$, RIMES, Whirlwind in Space, RTX UUV, Neros Raise
Anduril’s First Satellite On Orbit With Imaging Payloads
Boeing Unveils Its IFPC Inc. 2 Design, Expects August Downselect
Golden Dome’s Space-Based Interceptor Competition Passes First Test; Homeland System Needs AI
DARPA’s Lift Challenge Winner Demonstrated ‘Unprecedented” Payload-To-Weight Ratio

Congress Updates

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume