Saronic
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Investors
Founders
About
Saronic is an Austin, Texas-based autonomous shipbuilder developing uncrewed surface vessels for the U.S. Navy and allied forces 12. The company builds autonomous ships designed to modernize naval fleets, with a focus on maritime autonomy technology 2. Saronic secured a $392 million U.S. Navy contract and plans to build more than 20 ships per year by 2027 13. The company is developing a new shipyard, dubbed Port Alpha, with Texas as a leading candidate for its location 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2023-10-09 | Series A | $55M | Caffeinated Capital | 8VC, Andreessen Horowitz, Lightspeed, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, Cubit Capital, U.S. Innovative Technology Fund 4 |
| 2025-02-18 | Series C | $600M at $4B post-money | Elad Gil (Gil Capital) | General Catalyst (new investor); Andreessen Horowitz, Caffeinated Capital, 8VC (existing) 567 |
| 2026-03-31 | Series D | $1.75B | Kleiner Perkins | Advent International, Bessemer Venture Partners, DFJ Growth, BAM Elevate, 8VC, Caffeinated Capital, Andreessen Horowitz, Elad Gil, Franklin Templeton 123 |
Total raised: ~$2.5B. Valued at $9.25B post-money as of Series D 23. The Series D more than doubled the company’s valuation from $4B after the Series C 1.
What Investors Say
No verified investor quotes found at this time.
What Founders Say
No independently sourced founder testimonials found.
Sources
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CNBC, “Autonomous ship startup Saronic raises $1.75 billion in race to modernize U.S. military,” March 31, 2026. https://www.cnbc.com/2026/03/31/autonomous-boat-startup-saronic-raises-1point75-billion-.html↩↩↩↩↩
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PR Newswire, “Saronic Closes $1.75B Series D at $9.25B Valuation to Accelerate a New Era of Maritime Autonomy,” March 31, 2026. https://www.prnewswire.com/news-releases/saronic-closes-1-75b-series-d-at-9-25b-valuation-to-accelerate-a-new-era-of-maritime-autonomy-302729238.html↩↩↩↩
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SiliconANGLE, “Saronic raises $1.75B at $9.25B valuation to gear up autonomous ship production,” March 31, 2026. https://siliconangle.com/2026/03/31/saronic-raises-1-75b-9-25b-valuation-ramp-autonomous-ship-production/↩↩↩
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TechCrunch, “Saronic, a defense startup building autonomous ships, raises $55M,” October 9, 2023. Confirms Caffeinated Capital led, with 8VC, Andreessen Horowitz, Lightspeed, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, Cubit Capital, and U.S. Innovative Technology Fund participating. Accessed July 2026. https://techcrunch.com/2023/10/09/saronic-a-defense-startup-building-autonomous-ships-raises-55m/↩
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PR Newswire (Saronic company press release), “Saronic Raises $600M Series C to Take on Autonomous Shipbuilding,” February 18, 2025. Accessed July 2026. https://www.prnewswire.com/news-releases/saronic-raises-600m-series-c-to-take-on-autonomous-shipbuilding-302379441.html — Primary company announcement confirming $600M Series C led by Elad Gil at $4B valuation on February 18, 2025, with General Catalyst as new investor and existing backers Andreessen Horowitz, Caffeinated Capital, and 8VC participating. Includes Dino Mavrookas CEO quote on Port Alpha shipyard plans. ↩
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Bloomberg Government (BGov), “Saronic Raises $600 Million With Intent to Build Drone Shipyard,” February 18, 2025. Accessed July 2026. https://news.bgov.com/bloomberg-government-news/saronic-raises-600-million-with-intent-to-build-drone-shipyard — Contemporaneous tier-1 press confirming February 18, 2025 announcement date, $600M raise at $4B post-money valuation, Elad Gil as lead, and General Catalyst (new) alongside a16z, Caffeinated Capital, and 8VC (existing) as participants. ↩
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Pulse 2, “Saronic: $600 Million (Series C) Raised At $4 Billion For Autonomous Surface Vessels,” February 18, 2025. Accessed July 2026. https://pulse2.com/saronic-600-million-series-c-raised-at-4-billion-for-autonomous-surface-vessels/ — Independent industry press confirming Series C amount, $4B post-money, Elad Gil-led with General Catalyst and existing investors. ↩