Saronic Raises $55 Million

Saronic is a defense startup that equips defense organizations worldwide with autonomous ships. Saronic‘s ships can make split-second decisions, optimize routing, and adapt to changing situations in real time. Additionally, these autonomous vessels can decrease operational costs significantly since they require minimal crew, reducing expenses related to crew accommodation, food, and healthcare. Saronic‘s ships are equipped with advanced communication systems, enabling seamless collaboration with other maritime units and defense networks.

Saronic has raised $55 million in a Series A round led by Caffeinated Capital with participation from 8VC, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, Cubit Capital, and the U.S. Innovative Technology Fund. Saronic intends to use the fresh funding to accelerate research and development into its autonomous surface ships. In total, the company has raised around $70 million till that moment.

Saronic, Austin, Texas, United States, was founded in 2022 by Dino Mavrookas, Doug Lambert, Rob Lehman, and Vibhav Altekar. “To outpace China, America must start building a large fleet of autonomous vessels today,” Saronic said in a statement. “Saronic provides a state-of-the-art, purpose-built solution for the United States and its allies…optimizing autonomous missions, enhancing the range, capability, and survivability of the naval fleet and the warfighter.”

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