About Saronic
Saronic is a company based in Austin (United States) founded in 2022 by Vibhav Altekar, Doug Lambert, Dino Mavrookas, and Robert Lehman.. Saronic has raised $830.5 million across 4 funding rounds from investors including Lightspeed Venture Partners, NightDragon and Overmatch. The company has 271 employees as of December 31, 2024. Saronic has completed 2 acquisitions, including Gulf Craft and Gulfcraft. Saronic offers products and services including Autonomous Surface Vessels and Software Specifications. Saronic operates in a competitive market with competitors including Anduril, Kraken Robotics, Saildrone, Sagar Defence Engineering and Ocean Aero, among others.
- Headquarter Austin, United States
- Employees 271 as on 31 Dec, 2024
- Founders Vibhav Altekar, Doug Lambert, Dino Mavrookas, Robert Lehman
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Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Saronic Technologies, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$830.5 M (USD)
in 4 rounds
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Latest Funding Round
$600 M (USD), Series C
Feb 14, 2025
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Investors
Lightspeed Venture Partners
& 12 more
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Employee Count
271
as on Dec 31, 2024
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Investments & Acquisitions
Gulf Craft
& 1 more
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Products & Services of Saronic
Saronic offers a comprehensive portfolio of products and services, including Autonomous Surface Vessels and Software Specifications. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Vessels that provide intelligent navigation and mission execution for naval forces.
Software for enhancing vessel awareness and target tracking in maritime environments.
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Funding Insights of Saronic
Saronic has successfully raised a total of $830.5M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $600 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $600.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series C - Saronic | Valuation | Elad Gil | |
| Jun, 2024 | Amount | Series B - Saronic | Valuation | a16z | |
| Oct, 2023 | Amount | Series A - Saronic | Valuation | Caffeinated Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Saronic
Saronic has secured backing from 13 investors, including angel and venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, NightDragon and Overmatch. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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A venture firm based in San Francisco and New York, investments are made in technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Saronic
Saronic has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Gulf Craft and Gulfcraft. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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A retailer platform for yachts is provided by Gulf Craft.
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1982 | ||||
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Web hosting solutions and related services are provided globally.
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1965 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Saronic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Saronic Comparisons
Competitors of Saronic
Saronic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Anduril, Kraken Robotics, Saildrone, Sagar Defence Engineering and Ocean Aero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-based drone surveillance solutions for defense and maritime sector
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| domain | founded_year | HQ Location |
Unmanned maritime vehicles and subsea sensors are provided.
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| domain | founded_year | HQ Location |
Developer of autonomous unmanned surface vehicle
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| domain | founded_year | HQ Location |
Manufacturer of a quadcopter drone for multiple civilian and military applications
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| domain | founded_year | HQ Location |
Autonomous underwater vehicles are supplied for surface and subsurface monitoring.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Saronic
Frequently Asked Questions about Saronic
When was Saronic founded?
Saronic was founded in 2022.
Where is Saronic located?
Saronic is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Saronic?
Dino Mavrookas is the current CEO of Saronic. They have also founded this company.
Is Saronic a funded company?
Saronic is a funded company, having raised a total of $830.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $55M, raised on Jun 01, 2022.
How many employees does Saronic have?
As of Dec 31, 2024, the latest employee count at Saronic is 271.
What does Saronic do?
Saronic was founded in 2022 in Austin, United States, focusing on the defense and maritime sector. Autonomous surface vessels are produced to support naval operations, enhancing situational awareness, operational reach, and platform survivability. Capabilities include adaptive navigation, target identification and tracking, resilient communication systems, mission effect delivery, integration with existing operations, and customization for specific requirements.
Who are the top competitors of Saronic?
Saronic's top competitors include Anduril, Sagar Defence Engineering and Kraken Robotics.
What products or services does Saronic offer?
Saronic offers Autonomous Surface Vessels and Software Specifications.
How many acquisitions has Saronic made?
Saronic has made 2 acquisitions, including Gulf Craft, and Gulfcraft.
Who are Saronic's investors?
Saronic has 13 investors. Key investors include Lightspeed Venture Partners, NightDragon, Overmatch, Elad Gil, and General Catalyst.