Saronic Technologies announced on March 31 that it had secured $1.75 billion in funding that gives the Austin, Texas-based maritime defense startup a post-money valuation of $9.25 billion.
Saronic said it will use the funds to boost production capacity for its fleet of autonomous seacraft.
Co-founded in 2022 by former Navy SEAL Team Six member Dino Mavrookas, Saronic Technologies is developing multiple maritime vessels with full artificial intelligence-driven autonomy and software integration. The company’s smallest vessel is the 24-foot Corsair autonomous surface vessel. Its mid-range Mirage vessel is 40 feet, while the Marauder stands at 180 feet.
Saronic said in a news release that the Series D funding will allow for continued expansion and ramp-up of its business operations and portfolio of autonomous surface vessels. It will also continue to address ongoing maritime challenges in operating both surface and subsurface autonomous vessels….