Saronic, a company that specializes in maritime defense, secured $175 million in private capital funding, valuing the company at $1 billion and giving way to continued development of autonomous surface vessels. “We raised $175 million on a billion-dollar evaluation, which is extremely exciting for us as a defense tech company, but what’s even more exciting is what that enables us to be able to go do for our military,” Dino Mavrookas, Saronic co-founder and chief executive officer, told reporters today...
