Venture Capital: Sea Drone Maker Saronic Scores $5M Series A
Saronic, a maritime autonomy company specializing in drone boats, has successfully secured $55 million in a Series A funding round, with Caffeinated Capital leading the investment. This round also saw participation from notable backers, including 8VC, U.S. Innovative Technology Fund, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, and Cubit Capital. This substantial funding signifies Saronic’s commitment to addressing critical capability gaps at sea through attritable and autonomous platforms. With this infusion of capital, Saronic aims to accelerate its research and development efforts and expand its in-house manufacturing capabilities to facilitate rapid production.