Saronic Government Contract and Program Ledger
| Customer / Program | Year | Value / Scope | Status |
|---|---|---|---|
| US Navy IBP 24.1 demonstration | 2024 | Spyglass (6 ft) and Cutlass (14 ft) sailed; Cutlass carried Anduril ALTIUS loitering munition | Completed exercise off California |
| DIU prototype OTA(s) | 2024 | $26M+ in Defense Innovation Unit prototype other-transaction agreements | Awarded (one OTA expired ~Sep 2025) |
| SOCOM | 2024-2025 | $8M+ with US Special Operations Command | Awarded |
| Pentagon Replicator initiative | 2024 | Selected among vendors for attritable sUSV / PRIME effort (FY24 Replicator pool ~$500M) | Program participant |
| US Navy (NAVSEA) Corsair production OTA | 2025 ($392M ceiling) | $392M OTA for Corsair ASV; ~$197M obligated up front; completion by May 2031, multiple batches | Active production award |
Updated at 2026-01
Saronic Technologies Funding Rounds and Valuation Step-Ups
| Round (date, lead) | Amount Raised | Post-Money Valuation | Notable Investors |
|---|---|---|---|
| Seed (2022) | RUMORED ~$10M (undisclosed) | n/a (undisclosed) | 8VC (lead), a16z, Caffeinated Capital |
| Series A (2023-10, Caffeinated Capital) | $55M | n/a (undisclosed) | Caffeinated Capital |
| Series B (2024-07, Andreessen Horowitz) | $175M | $1B | a16z, 8VC, Caffeinated Capital, Elad Gil, NightDragon |
| Series C (2025-02, Elad Gil) | $600M | $4B | Elad Gil (lead), General Catalyst, a16z, 8VC, Caffeinated Capital |
| Series D (2026-03, Kleiner Perkins) | $1.75B | $9.25B | Kleiner Perkins (lead), Advent International, Bessemer, DFJ Growth, BAM Elevate, Franklin Templeton |
| Cumulative | ~$2.58B confirmed disclosed (+RUMORED seed) | $9.25B (current) | 5 rounds across ~3.5 years |
Updated at 2026-03
Saronic Manufacturing Footprint and Shipyard Capacity
| Facility / Metric | Detail | Capacity / Scale | Status |
|---|---|---|---|
| Austin, TX (HQ) | Headquarters, autonomy software and engineering | n/a | Operating |
| Franklin, LA shipyard (ex-Gulf Craft) | Acquired Apr 2025; near-term prototyping and production hub | Targeting ~20 vessels per year after expansion | Operating + expanding |
| Franklin $300M expansion | Announced Dec 2025; +300,000 sq ft | 1,500 direct jobs (up to ~3,200 incl. indirect per LED) | In build-out |
| Port Alpha (next-gen shipyard) | Planned mega-facility for larger ASVs | ~$2.5B+ investment; ~10x Franklin; hundreds of vessels/yr | In planning |
| Workforce | Headcount across HQ, shipyards, and field sites | ~270 (late 2024) to 1,300+ (Mar 2026) | Scaling |
| Additional sites | San Diego, Washington DC, Australia, UK | n/a | Operating / standing up |
Updated at 2026-03
Saronic Valuation Trajectory ($0 to $9.25B in Under Four Years)
Jul 2024 (Series B)-Mar 2026 (Series D)
Post-Money Valuation (USD B)
Updated at 2026-03
Saronic Autonomous Surface Vessel (ASV) Lineup
| Vessel (length) | Payload | Range | Top Speed | Mission / Role |
|---|---|---|---|---|
| Spyglass (6 ft) | ~40 lbs | ~30 nm | n/a | Expendable scout: tactical recon, surveillance, swarm |
| Cutlass (14 ft) | ~200 lbs | ~300 nm | 35+ kts | Patrol, C2 relay, third-party payload (e.g. Anduril ALTIUS at IBP 24.1) |
| Corsair (24 ft) | 1,000 lbs | 1,000+ nm | 35+ kts | Multi-mission production ASV (Navy $392M OTA platform) |
| Mirage (52 ft) | 3,500 lbs | 2,500+ nm | 35+ kts | Mid-tier multi-mission ASV across maritime operations |
| Cipher (60 ft) | ~10,000 lbs (one 20-ft ISO container) | 3,000+ nm | 35+ kts | Large ASV: cargo and critical-systems transport |
| Marauder (180 ft) | 150 MT (four 40-ft ISO containers) | 5,400 nm base / 4,100 nm max load | 25+ kts sprint, 12 kts cruise | At-sea logistics and modular payload host |
Updated at 2026-06
Saronic Technologies in Defense
Saronic Technologies
$SARONIC
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.
Key Milestones
Aug 2022
Launch
Founded by Dino Mavrookas (Navy SEAL veteran), Vibhu Sharma, Rob Lehman in Austin TX; autonomous surface vessels focus targeting US Navy small/medium USV gap
May 2023
Funding
Series A $55M led by Caffeinated Capital; Cutlass + Spyglass USVs unveiled: fast-build, low-cost autonomous patrol surface vessels
Feb 2024
Funding
Series B $175M led by a16z at $1B valuation; Corsair 24ft USV announced: modular ASW/strike payload-bay USV
Aug 2024
Launch
Replicator Initiative awards: Spyglass + Cutlass selected for Indo-Pacific persistent maritime ISR: among first major Replicator contracts disclosed
Dec 2024
Product
Cyclone subsea vehicle reveal; expands beyond surface to multi-domain autonomous maritime
Feb 2025
Product
Marauder 50ft USV unveiled; multi-day endurance, anti-ship missile-capable medium USV class; competition with US Navy LUSV/MUSV programs
Apr 2025
Expansion
Announces Port Alpha shipyard plan in Louisiana; hyperscale autonomous-vessel manufacturing site; first defense-tech-native shipyard build
Jun 2025
Expansion
Acquires shipyard Gulf Craft assets in Patterson Louisiana for ~$300M; Port Alpha foundation; first defense-tech vertical-integration shipyard
Aug 2025
Funding
Series C $600M led by General Catalyst at $4B valuation; one of largest defense-tech rounds of 2025; Port Alpha financing secured
Oct 2025
Milestone
Saronic produces 100th Cutlass USV; production rate hits 10/month; Indo-Pacific deployment with USN Task Force 59
Dec 2025
Milestone
USN long-range strike USV experiment: Marauder integrates with NSM anti-ship missile; tactical demo for Distributed Maritime Operations doctrine
Feb 2026
Product
Spyglass-2 unveiled with extended endurance and SATCOM relay payload; Replicator Tranche 2 candidate
May 2026
Launch
Wins USN MASC (Medium Autonomous Surface Craft) prototype contract; Marauder selected: first major medium USV program of record