Saronic Raises $1.75 Billion to Ramp Up Autonomous Vessel Production

The new funding will help tackle ongoing U.S. challenges in operating both surface and underwater autonomous vessels, the tech company says.

Saronic's multimission Corsair autonomous surface vessels. Courtesy of Saronic

Saronic Technologies announced on March 31 that it had secured $1.75 billion in funding that gives the Austin, Texas-based maritime defense startup a post-money valuation of $9.25 billion.

Saronic said it will use the funds to boost production capacity for its fleet of autonomous seacraft.