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- Saronic
Saronic Revenue, Valuation, Funding & Investors
Saronic is valued at $9.3B as of March 2026, a 46.3x multiple on its last reported $200M revenue.
Last Saronic valuation
$9.3B
Series D · Mar 2026
Last Saronic funding round
$1.8B
Series D · Mar 2026
Saronic revenue
$200M
Series D · Mar 2026
Key investors in Saronic
Andreessen Horowitz
8VC
Silent Ventures
Caffeinated Capital
Lightspeed Venture Partners
Elad Gil
About Saronic
Saronic is an Austin-headquartered developer of autonomous surface vessels for maritime defense and surveillance. The company integrates hardware, software, and AI into scalable platforms like the Spyglass and Corsair models for naval operations. Saronic's vessels support intelligence gathering, patrol, and swarm tactics for U.S. Navy and allied forces. Founded in 2022, it collaborates with defense contractors on programs enhancing domain awareness in contested waters.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2G & B2B
Revenue model
Product sales
Revenue
$200M (Mar 2026)
Valuation
$9.3B (Mar 2026)
Saronic Valuation
Saronic is currently valued at $9.3B, based on its Series D in March 2026.
The $1.8B round was led by Kleiner Perkins, with participation from Western Asset Investment, 8VC, Silent Ventures, Bessemer Venture Partners, Andreessen Horowitz and 5 other investors.
Saronic's valuation has grown 9.3x from $1B at its Series B in July 2024 to $9.3B in March 2026, across 3 priced rounds.
Saronic valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2026 | Series D | $9.3B | 46.3x |
| Feb 2025 | Series C | $4B | - |
| Jul 2024 | Series B | $1B | - |
Saronic Revenue
Saronic's latest recorded revenue is $200M, as of its Series D in March 2026. At a $9.3B valuation, that implies a 46.3x revenue multiple.
Saronic revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2026 | $200M | $9.3B | 46.3x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Saronic Funding History
Saronic has raised a total of $2.6B across 5 funding rounds.
Saronic's first fundraising round was a $15M seed round in February 2023. The most recent completed round was a $1.8B Series D in March 2026.
Saronic funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Series D | Kleiner Perkins (lead); Western Asset Investment; 8VC; Silent Ventures; Bessemer Venture Partners; Andreessen Horowitz; Advent International; DFJ Growth; BAM Elevate; Elad Gil; Caffeinated Capital | $1.8B | $9.3B | - |
| Feb 2025 | Series C | Elad Gil (lead); General Catalyst; 8VC; Silent Ventures; Andreessen Horowitz; Lightspeed Venture Partners; Caffeinated Capital; Bossa Invest | $600M | $4B | Saronic Technologies is an Austin-based defense technology company founded in 2022, specializing in autonomous surface vessels (ASVs) for naval and maritime missions, with models up to 24 feet long and plans for larger unmanned ships to enhance U.S. maritime security and shipbuilding capacity against competitors like China. The company develops advanced autonomous navigation, target tracking, and resilient communications systems, having already delivered its largest ASV model, Corsair, and acquired a 420,000-square-foot manufacturing facility in Austin to meet growing demand from U.S. government customers. On February 18, 2025, Saronic closed a $600 million Series C funding round led by Elad Gil, with participation from General Catalyst as a new investor alongside existing backers including Andreessen Horowitz (a16z), 8VC, Caffeinated Capital, Lightspeed Venture Partners, Bossa Invest, and Silent Ventures, quadrupling its valuation to $4 billion post-money from its prior unicorn status in July 2024 after a $175 million Series B. This brings total funding raised to approximately $845.5 million across four rounds: a $15 million seed in February 2023 led by 8VC, $55 million Series A in October 2023 led by Caffeinated Capital, and the Series B in July 2024 led by Andreessen Horowitz. The Series C proceeds will fund Port Alpha, a next-generation autonomous ship factory or 'shipyard of the future' aimed at mass-producing medium and large-class unmanned ships at scale to address U.S. shipbuilding gaps and support a hybrid fleet for defense applications, with operations slated to begin within five years though a site is still being sought. This positions Saronic among top U.S. defense tech startups, behind Anduril ($14 billion valuation) and potentially Shield AI ($5 billion in talks), amid a wave of large defense investments in Silicon Valley focused on manufacturing ambitions like Anduril's Ohio megafactory. Saronic's rapid progress includes scaling operations with government customers post-Series B, achieving nearly $850 million in total funding, and positioning itself to revitalize American shipbuilding while delivering autonomous vessels and software at high speed, as noted by CEO Dino Mavrookas. |
| Jul 2024 | Series B | Andreessen Horowitz (lead); NightDragon; Friends & Family Capital; 8VC; Silent Ventures; Lightspeed Venture Partners; Elad Gil; SignalRank; Caffeinated Capital | $176M | $1B | Saronic, founded in 2022 and headquartered in Austin, Texas, designs and manufactures autonomous surface vessels (ASVs) to redefine maritime superiority for the U.S. Navy and allies. The company produces prototypes like the six-foot Spyglass and fourteen-foot Cutlass, which use sensors for independent missions without human operators, integrating modular open systems architecture and advanced AI for navigation and payload capabilities. These vessels serve as force multipliers alongside manned systems, enabling naval forces to extend reach with reduced risk. On July 19, 2024, Saronic raised $175 million in a Series B funding round led by Andreessen Horowitz, with participation from 8VC, Caffeinated Capital, Elad Gil, NightDragon, and others including Friends & Family Capital, Lightspeed Venture Partners, SignalRank, and Silent Ventures. The round valued the company at $1 billion, achieving unicorn status in just two years. Funds will scale in-house manufacturing, boost production of ASV models, and advance R&D for new autonomous features and international expansion to serve U.S. allies. Saronic's business model involves selling ASVs to the U.S. Department of Defense, Navy, Coast Guard, and allies, generating revenue through vessel sales, software/AI licenses, maintenance, and mission support. The company aligns with the Navy's push for robot ships to expand fleet size to 355 ships, competing in the growing defense tech sector alongside firms like Anduril, Shield AI, and Palantir. |
| Oct 2023 | Series A | Caffeinated Capital (lead); Point72 Ventures; 8VC; Contrarian Thinking Capital; Silent Ventures; Ensemble VC; US Innovative Technology Fund; Cubit Capital; Overmatch Ventures; Andreessen Horowitz; Lightspeed Venture Partners | $55M | - | Saronic Technologies is a maritime autonomy company based in Austin, Texas, specializing in autonomous surface vessels (ASVs) for defense applications, aiming to redefine naval superiority for the U.S. and its allies. The company raised $55 million in its Series A funding round on October 10, 2023, led by Caffeinated Capital, with participation from 8VC, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, Cubit Capital, and U.S. Innovative Technology Fund. This followed seed funding totaling around $70 million by early 2023, supporting initial product development with approximately 45 employees at the time. The Series A proceeds were intended to accelerate product development and bridge technology gaps in naval autonomy, as highlighted by Caffeinated Capital's founder Raymond Tonsing. Saronic's investors praised the team's speed and ambition in transforming Navy operations. Subsequent rounds included a $175 million Series B in July 2024 led by Andreessen Horowitz, achieving unicorn status at $1 billion valuation, and a $600 million Series C in February 2025 led by Elad Gil at $4 billion post-money valuation, with participation from prior investors like a16z, 8VC, and Caffeinated Capital, plus new ones like General Catalyst. Post-Series A traction included delivering the Corsair ASV model, acquiring a 420,000-square-foot manufacturing facility in Austin, and growing contracts with U.S. government customers. By 2025, Saronic focused on U.S. shipbuilding infrastructure, public-private partnerships, and developing Port Alpha shipyard. |
| Feb 2023 | Seed | 8VC (lead); Point72 Ventures; Silent Ventures; US Innovative Technology Fund; Andreessen Horowitz | $15M | - | Saronic develops autonomous surface vessels for defense applications, focusing on maritime autonomy for the U.S. Navy and allied customers. Founded in 2022 by former Navy SEAL Dino Mavrookas, the company builds mission-specific boats from the ground up, differentiating from traditional shipbuilders and legacy platforms. Saronic raised $15 million in a seed round in February 2023 led by 8VC, followed by a $55 million Series A in October 2023 led by Caffeinated Capital with participation from 8VC, Andreessen Horowitz, Point72 Ventures, Silent Ventures, and the U.S. Innovative Technology Fund. Subsequent rounds included a $175 million Series B in July 2024 led by Andreessen Horowitz at a $1 billion valuation and a $600 million Series C in February 2025 led by Elad Gil at a $4 billion post-money valuation. The company has secured $17 million in contract awards within 18 months of inception and participates in Navy programs like Integrated Battle Problem exercises. Saronic was selected as the first industry partner for the Naval Postgraduate School’s Naval Innovation Exchange. |
Who has invested in Saronic?
23 investors have backed Saronic across its funding rounds, including Andreessen Horowitz, 8VC, Silent Ventures, Caffeinated Capital, Lightspeed Venture Partners and Elad Gil.
Lead investors include Kleiner Perkins, Elad Gil, Andreessen Horowitz, Caffeinated Capital and 8VC.
Saronic Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Feb 2023 | ||
| 5 | Participant | Feb 2023 | ||
| 5 | Lead | Feb 2023 | ||
| 4 | Lead | Oct 2023 | ||
| 3 | Participant | Oct 2023 | ||
| 3 | Lead | Jul 2024 | ||
| 2 | Participant | Feb 2023 | ||
| 2 | Participant | Feb 2023 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Lead | Mar 2026 | ||
This data is available for Pro users. Sign up to see all 23 Saronic investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Saronic
Saronic has acquired 1 company to date.
Last acquisition by Saronic was on April 16th 2025. Saronic acquired Gulf Craft for undisclosed valuation.
Latest Acquisitions by Saronic
| Description | Gulf Craft is an Ajman-headquartered superyacht manufacturer in the United Arab Emirates. Established in 1982, the shipyard produces luxury vessels from 27 feet to 175 feet, including the Majesty series and Silvercraft models. It exports to markets across Europe, Asia, and the Americas, employing advanced composite materials and engineering for high-speed cruisers and explorer yachts. The company operates two facilities in Ajman, focusing on custom builds for private owners and charter operators worldwide. |
| HQ Country | |
| HQ City | Dubai |
| Deal Date | 16 Apr 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Saronic acquisitions and their M&A valuation multiples. Start Free Trial | |
Saronic Competitors
Saronic competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Quantum Systems, Shield AI, Mach Industries and Neros Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $330M | - | $8B | 24.2x | ||
| Private | $540M | - | $13B | 23.5x | ||
| Private | - | - | $3.7B | - | ||
| Private | - | - | $2.5B | - | ||
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Publicly listed | $29M | ($52M) | $3.1B | 64.5x |
Saronic Public Comps
Saronic is still privately-owned, but its public comps include Korea Aerospace Industries, Aptiv, Kuang-Chi, Kratos Defense & Security, Leonardo DRS, AeroVironment, Cognex, Hensoldt, Hanwha Systems and Guide Infrared.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.7B | $273M | 4.2x | 3.3x | 41.6x | 35.5x | |||
| $20B | $2.2B | 0.7x | 0.9x | 6.3x | 5.4x | |||
| $305M | $132M | 27.4x | - | 63.3x | - | |||
| $1.3B | $87M | 5.7x | 4.6x | 88.1x | 48.1x | |||
| $3.6B | $437M | 2.7x | 2.6x | 22.6x | 19.3x | |||
| $2B | ($35M) | 4.3x | 4.2x | (245.2x) | 28.5x | |||
| $994M | $214M | 10.0x | 9.0x | 46.4x | 31.7x | |||
| $2.8B | $449M | 4.1x | 3.7x | 25.9x | 19.9x | |||
This data is available for Pro users. Sign up to see all Saronic competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Saronic
| When was Saronic founded? | Saronic was founded in 2022. |
| Where is Saronic headquartered? | Saronic is headquartered in Austin, TX, United States. |
| Is Saronic publicly listed? | No, Saronic is a private, VC-backed company. |
| What is Saronic's valuation? | Saronic was last valued at $9.3B in its Series D in March 2026. |
| How much funding has Saronic raised? | Saronic has raised $2.6B across 5 funding rounds. |
| What was Saronic's last funding round? | Saronic's last funding round was a $1.8B Series D in March 2026, led by Kleiner Perkins. |
| Who are Saronic's investors? | Saronic's investors include 8VC, Silent Ventures, Andreessen Horowitz, Caffeinated Capital, Lightspeed Venture Partners, Elad Gil, Point72 Ventures, US Innovative Technology Fund, General Catalyst, NightDragon and 13 others. |
| What is Saronic's revenue? | Saronic's latest recorded revenue is $200M (March 2026). |
| What is Saronic's revenue multiple? | Saronic's latest valuation implies a 46.3x revenue multiple ($9.3B valuation on $200M of revenue). |
| Which companies are comparable to Saronic? | Companies comparable to Saronic include Quantum Systems, Shield AI, Mach Industries, Neros Technologies, UBtech Robotics and Infleqtion. |
| How many companies has Saronic acquired? | Saronic has acquired 1 company, including Gulf Craft. |
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