Excited to support Saronic Technologies on its next stage of growth!
We are excited to announce a $175 million Series B funding round led by Andreessen Horowitz, which will put Saronic’s valuation at $1 billion. This new investment will accelerate Saronic’s growth, 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. The security of our country and the future of global maritime security requires a fully integrated fleet of manned and unmanned systems that can go farther and do more with less risk to life and mission. We are grateful to our investment partners, including 8VC, Caffeinated Capital, Elad Gil & NightDragon, who believe in Saronic’s ability to meet that need. Read more about this announcement: https://lnkd.in/eGK_Bh2R