Saronic Raises $175 Million in Series B Funding, Valuing Company at $1 Billion
Funding will accelerate Saronic's growth and further scale production of its autonomous surface vessels for the U.S. Navy and its allies
AUSTIN, Texas, July 19, 2024 /PRNewswire/ -- Saronic, a defense technology leader that designs and manufactures autonomous surface vessels (ASVs), today announced a $175 million Series B raise placing the company's valuation at $1 billion. The funding round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, among others.