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Austin drone boat startup Saronic raises $600M at $4B valuation

Saronic Technologies announced it raised $600 million in funding to build Port Alpha, an autonomous shipyard, valued at $4 billion.
The shipyard aims to expand Saronic's fleet of autonomous vessels in response to rising demand from the U.S. Department of Defense.
CEO Dino Mavrookas stated Port Alpha will be designed for high-speed production and aims to enhance U.S. Shipbuilding capacity.
Saronic has raised over $850 million since its founding in 2022 and plans to invest substantially into shipbuilding infrastructure.

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TechCrunch

Saronic raises $600M to mass produce autonomous warships

Austin-based defense startup Saronic has raised a $600 million Series C to build an autonomous ship factory called “Port Alpha,” it announced.

2 days ago·United States

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Columbus Telegram

+17 Reposted by 17 other sources

Saronic Raises $600M Series C to Take on Autonomous Shipbuilding

Saronic to inaugurate Port Alpha, a next-generation shipyard designed to build autonomous ships for the hybrid fleet

3 days ago

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Defense News

Saronic unveils plans for autonomous shipyard

Saronic plans to use the facility to grow its fleet of autonomous surface vessels amid demand from the Pentagon for more drones of all kinds.

3 days ago·United States

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Breaking Defense

Startup Saronic to build ‘Port Alpha,’ next-gen shipyard focused on autonomous vessels

The announcement comes off a $600 million Series C funding round led by entrepreneur and angel investor Elad Gil.

3 days ago

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The Business Journals

Austin drone boat startup Saronic raises $600M at $4B valuation

The funding — and the company's new valuation — make Saronic one of the fastest-growing startups Austin has ever seen. It's also a validation of the company's approach to building for the military. This article details how the capital will be used. Real estate on the water will be needed.

3 days ago·United States

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roboticsandautomationmagazine.co.uk

Saronic Technologies secures US$600m in Series C funding to advance maritime autonomy

Saronic Technologies has raised US$600m in its Series C funding round, bringing the company’s valuation to US$4bn. The round, which was led by Elad Gil, marks a significant step in [...] The post Saronic Technologies secures US$600m in Series C funding to advance maritime autonomy appeared first on Robotics and Automation.

2 days ago

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