Saronic: Defense Technology Leader Raises $175 Million At $1 Billion Valuation
By Amit Chowdhry ● Jul 22, 2024
Saronic, a defense technology leader that designs and manufactures autonomous surface vessels (ASVs), announced a $175 million Series B funding round, putting the company's valuation at $1 billion. And the funding round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, and others.