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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