Autonomous ship startup Saronic raises $1.75 billion in race to modernize US military
- Apr 3
- 1 min read
CNBC — Autonomous ship startup Saronic said Tuesday that it's raised $1.75 billion as it ramps up production to meet mounting U.S. military demand for newer and cheaper defense capabilities.
The round, led by Kleiner Perkins, more than doubles Saronic's valuation to $9.25 billion from the $4 billion it hit after a $600 million raise early last year.
Saronic plans to use the funding to scale its supply chain and shipyards, and build more than 20 ships a year by 2027.
Read the full story | CNBC
