Saronic Technologies has closed a $600 million Series C funding round, valuing the company at $4 billion, to advance its mission of redefining maritime superiority for the United States and its allies. The funding will be used to build Port Alpha, a next-generation shipyard capable of delivering new classes of unmanned ships.
The US Navy has declared the need for a hybrid fleet that integrates unmanned systems with manned platforms. To achieve this, Saronic plans to build medium and large-class autonomous ships for defense applications, addressing gaps in US shipbuilding capacity.
Saronic CEO Dino Mavrookas said, “We will take the same approach with Port Alpha, designing a shipyard from the ground up to produce at a speed and scale not seen since World War II.” The company aims to rapidly build a fleet of autonomous vessels that redefines maritime superiority and guarantees freedom of the seas for generations to come.
The funding round was led by Elad Gil and welcomes General Catalyst as a new investor. Existing investors include a16z, Caffeinated Capital, and 8VC. Saronic plans to invest in US shipbuilding infrastructure and work with federal and state legislators to establish public-private partnerships.
Source: https://www.prnewswire.com/news-releases/saronic-raises-600m-series-c-to-take-on-autonomous-shipbuilding-302379441.html