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Building autonomous surface vessels for the US Navy at shipyard scale
Valuation
$9.25B
+131% from $4B Feb 2025
Total Raised
~$2.58B
Across 5 rounds
Employees
~1,000
From ~270 in late 2024
Founded
~3.5 years ago
$0 → $9.25B trajectory
Total raised: ~$2.58B · Latest valuation: $9.25B
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | 2022 | $10M | - | |
| Series A | Oct 2023 | $55M | - | Caffeinated Capital |
| Series B | Jul 2024 | $175M | $1B | Andreessen Horowitz8VCCaffeinated CapitalElad Gil+1 more |
| Series C | Feb 2025 | $600M | $4B | Elad Gil (lead)General CatalystAndreessen Horowitz8VC+1 more |
| Series D | Mar 2026 | $1.75B | $9.25B | Kleiner Perkins (lead)Advent InternationalBessemerDFJ Growth+1 more |
| Vessel | Length | Mission |
|---|---|---|
| Spyglass | 6 ft | Tactical reconnaissance, swarm |
| Cutlass | 14 ft | ISR, payload + comms node |
| Corsair | 24 ft | Multi-mission ASV (Navy production) |
| Cipher | 60 ft | Mid-tier multi-mission ASV |
| Mirage | 52 ft | Force-multiplier manned/unmanned teaming |
| Marauder | 180 ft | Logistics + at-sea payload (40 MT, 5,400 nm) |
$392M Corsair production award (Dec 2025); IBP 24.1 demo
Replicator initiative awards
Lead investor on Series D
Joined at Series C
Compute partnership for autonomous naval vessels (2025)
Dino Mavrookas (former Navy SEAL), Rob Lehman, Doug Lambert, Vibhav Altekar launch Saronic
Selected for Pentagon Replicator initiative attritable USV demonstrator
$175M Series B at $1B led by a16z
Largest unmanned vessel concept introduced for Pentagon counter-China program
$600M at $4B; intent to build a $2.5B+ next-gen unmanned shipyard
Acquires Louisiana shipbuilder; debuts 180-ft Marauder, 52-ft Mirage, 60-ft Cipher
$300M expansion of Franklin, LA shipyard; 1,500 new jobs
Production award; sub-12-month prototype-to-production for Corsair
$1.75B Series D led by Kleiner Perkins; doubles valuation
Founded 2022. Autonomous surface vessels (USVs): Spyglass (6ft), Cutlass (14ft), Corsair (24ft), Marauder (50ft) — naval drone family. Series C $600M Aug 2025 at $4B valuation led by General Catalyst. Replicator program winner. Building Port Alpha shipyard for autonomous-vessel mass production. Saronic Technologies was founded in 2022, is headquartered in Austin, TX and employs ~1,000.
Saronic Technologies has raised ~$2.58B in total at a $9.25B valuation, based on the funding rounds Sterling tracks.
Sterling groups Saronic Technologies in the Defense sector, alongside Palantir Technologies (PLTR), Anduril Industries (ANDURIL), Shield AI (SHIELD-AI), Kratos Defense (KTOS), AeroVironment (AVAV) and Helsing (HELSING).
If you are researching Saronic Technologies, also look at Palantir Technologies (PLTR), Kratos Defense (KTOS) and AeroVironment (AVAV). You can compare all of them side by side or browse the full Defense sector on Sterling.