Official announcements from Saronic or major financial news outlets

Andreessen Horowitz Leads $175M Series B for Saronic, Valuing Autonomous Military Boat Startup at $1 Billion

Jul 18, 2024, 09:39 PM

Andreessen Horowitz has led a $175 million Series B funding round for Austin-based Saronic, a startup developing autonomous military drone boats. This funding round has elevated Saronic's valuation to $1 billion. The investment follows other significant rounds into defense tech companies like Anduril and HelsingAI. Saronic's total funding now stands at approximately $245 million. The Series B round also saw participation from other investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon. Saronic announced the news on their official Twitter account, emphasizing their commitment to redefining maritime superiority with advanced technology.