Saronic has raised $1.75 billion in new funding, more than doubling its valuation to $9.25 billion as it scales production of autonomous naval vessels. The round, led by Kleiner Perkins, reflects increasing investor interest in AI-enabled defense technologies.
The company plans to use the capital to expand its manufacturing capabilities, including supply chains and shipyard infrastructure. Saronic aims to produce more than 20 autonomous vessels annually by 2027, with potential plans to build a new facility, known as Port Alpha, in Texas.
Saronic develops autonomous surface vessels designed to operate without onboard crews, reducing operational risks and costs. Its systems integrate AI-driven navigation and mission capabilities, positioning the company within a broader shift toward unmanned defense platforms.
Demand for such technologies is rising as the United States seeks to modernize its military capabilities and address global competition, particularly in maritime operations. Autonomous systems are viewed as a way to scale production and deploy assets more efficiently compared to traditional shipbuilding approaches.
The company has already secured government traction, including a $392 million contract with the U.S. Navy. It joins a growing group of venture-backed defense startups challenging established contractors such as Lockheed Martin, RTX, and Northrop Grumman.
The funding highlights continued convergence between AI and defense manufacturing, as startups leverage software-driven systems to redesign traditional military hardware and scale production in response to evolving geopolitical demands.
