Vatn Systems Raises $13 Million Seed Round to Advance Autonomous Underwater Vehicles for US Defense

PORTSMOUTH, R.I., Nov. 12, 2024 /PRNewswire/ -- Vatn Systems, a leading defense technology company building autonomous underwater vehicles for the US military and allies, today announced it has raised an oversubscribed $13 million seed round, bringing total funding to $16.5M. The round was led by DYNE Ventures with participation from Lockheed Martin Ventures, RTX Ventures, In-Q-Tel (IQT), Propeller Ventures, SAIC Ventures, Cubit Capital, Fortitude Ventures and existing investors that include Centre Street Partners, The Veteran Fund, Blue Collective, and Decisive Point.


"Vatn Systems is on a journey to redefine naval warfare by building low-cost, high-speed, autonomous underwater vehicles that can be deployed at scale as force multipliers," said Nelson Mills, co-founder and CEO of Vatn Systems. "This funding enables us to advance our strategy to expand our team and set up a state-of-the-art manufacturing facility to bring our autonomous underwater vehicles to market next year."


Read the rest of the press release here

Next
Next

Vatn Participates in ONR’s Advanced Capabilities Experiment