How Did Saronic Reach Unicorn Status in Defense Tech

Saronic, a company based in Austin, Texas, designs and manufactures autonomous surface vessels, specifically drones that operate on water surfaces. The company raised $175 million in a Series B funding round, bringing its total funding to $245 million and valuing it at $1 billion. Andreessen Horowitz led the funding round, with participation from 8VC, Caffeinated Capital, Elad Gil, and NightDragon. Founded in 2022, Saronic aims to provide the U.S. Navy with cost-effective and time-efficient naval power. CEO Dino Mavrookas highlighted that their technology can integrate smoothly into existing fleets and is scalable to address emerging threats.

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