saronic.comTransportation / Autonomous VehiclesFounded: 2022Funding to Date: $248.11MM
Saronic is a defense technology solutions provider that develops autonomous surface vessels (ASVs) for naval and maritime forces. Saronic was founded in 2022 and is headquartered in Austin, TX. The company uses AI capabilities while employing a modular open systems architecture (MOSA) to create an integrated technology platform built with security and scalability in mind. ASVs offered by Saronic include Spyglass (6’) and Cutlass (14’) models, which are unmanned vessels tailored to customer specifications depending on communication and navigational requirements.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
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07/19/2024 | Series B | $175MM | $xx.xx | $1B | Andreessen Horowitz, 8VC, Caffeinated Capital, Elad Gil, NightDragon | |
Price per Share
$xx.xx
Shares Outstanding
34,292,881
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, 8VC, Caffeinated Capital, Elad Gil, NightDragon
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10/09/2023 | Series A | $55.61MM | $xx.xx | $298.08MM | Andreessen Horowitz, 8VC, Caffeinated Capital, Ensemble VC, Lightspeed Venture Partners, Silent Ventures, Point72, U.S. Innovative Technology, Cubit Capital, Overmatch Ventures | |
Price per Share
$xx.xx
Shares Outstanding
31,699,876
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, 8VC, Caffeinated Capital, Ensemble VC, Lightspeed Venture Partners, Silent Ventures, Point72, U.S. Innovative Technology, Cubit Capital, Overmatch Ventures
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09/14/2022 | Series Seed-2 | $499,999 | $xx.xx | $87.05MM | Andreessen Horowitz, 8VC, Caffeinated Capital, Ensemble VC, Lightspeed Venture Partners, Silent Ventures, Point72, U.S. Innovative Technology, Cubit Capital | |
Price per Share
$xx.xx
Shares Outstanding
12,658,227
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, 8VC, Caffeinated Capital, Ensemble VC, Lightspeed Venture Partners, Silent Ventures, Point72, U.S. Innovative Technology, Cubit Capital
|
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09/14/2022 | Series Seed-1 | $17MM | $xx.xx | $87.05MM | Andreessen Horowitz, 8VC, Caffeinated Capital, Ensemble VC, Lightspeed Venture Partners, Silent Ventures, Point72, U.S. Innovative Technology, Cubit Capital | |
Price per Share
$xx.xx
Shares Outstanding
23,607,832
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, 8VC, Caffeinated Capital, Ensemble VC, Lightspeed Venture Partners, Silent Ventures, Point72, U.S. Innovative Technology, Cubit Capital
|