Vatn Systems

Portsmouth, United States Founded: 2023 • Age: 3 yrs
Developer of autonomous underwater vehicles
Annual revenue - Latest available
Total funding $75.5M 2 rounds
Employees - Tracked headcount
Investors 18 Known backers
Products 4 Services tracked
Competitors 11 Brand Intelligence

About Vatn Systems

Vatn Systems is a company based in Portsmouth (United States) founded in 2023 by Nelson Mills. Vatn Systems has raised $75.52 million across 2 funding rounds from investors including RTX, Lockheed Martin and SAIC. Vatn Systems offers products and services including TORSK, INStinct, Skelmir, and S6. Vatn Systems operates in a competitive market with competitors including Hensoldt, Rovco, Vaarst, Kraken Robotics and Savvy Navvy, among others.

  • Headquarter Portsmouth, United States
  • Founders Nelson Mills
  • Sectors
    Industrial Goods & Manufacturing
    Transportation, Automotive & Logistics
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  • Phone
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Operational Areas
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Maritime, Ports & Shipping Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $75.52 M (USD)

    in 2 rounds

  • Latest Funding Round
    $60 M (USD), Series A

    Dec 10, 2025

  • Investors
    RTX

    & 17 more

  • Employee Count
    Not available
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Products & Services of Vatn Systems

Vatn Systems offers a comprehensive portfolio of products and services, including TORSK, INStinct, Skelmir, and S6.

Product name locked
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Primary

Autonomous underwater vehicle for flexible and modular mission deployment

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Advanced software for AUVs in GPS-compromised environments

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Vehicle designed for cooperative swarming operations

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Modular underwater vehicle with tailored sensor capabilities

People of Vatn Systems

Headcount 1-10
Employee Profiles 8
Employee Profiles
People
Brendan Smith
Director Of Manufacturing
People
Dan H.
Head Of Business Development
People
Alex Jensen
Senior GNC Engineer
People
Steven Iannucci
Autonomous System Engineer

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Funding Insights of Vatn Systems

Vatn Systems has successfully raised a total of $75.52M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $60 million completed in December 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.

Investors in Vatn Systems

Vatn Systems has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include RTX, Lockheed Martin and SAIC.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital firm
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Early-stage investments are made in ocean-climate tech companies by Propeller.
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Early-stage tech startups are invested in across key sectors.
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Investor details for Vatn Systems

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Investments & Acquisitions by Vatn Systems

Investments
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Investment portfolio details for Vatn Systems

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Financial Statements - Vatn Systems

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Detailed financials for Vatn Systems

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Vatn Systems Comparisons

Vatn Systems Primary company
Description
Developer of autonomous underwater vehicles
Location
Portsmouth, United States
Founded Year
2023
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Vatn Systems

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Competitors of Vatn Systems

Vatn Systems 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 Hensoldt, Rovco, Vaarst, Kraken Robotics and Savvy Navvy, among others.

Company Name Domain Founded year HQ Location Description
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Developer of integrated air surveillance radar for the military and defence industry
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Provider of AI-driven ROVs and services for inspection of ships
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AI-based robotic analysis solutions for marine applications are provided.
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Unmanned maritime vehicles and subsea sensors are provided.
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Provider of a mobile app for marine navigation
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Provider of remotely operated vehicles and unnamed systems for underwater inspections
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Detailed competitors of Vatn Systems

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Latest news on Vatn Systems

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Complete news archive for Vatn Systems

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Frequently Asked Questions about Vatn Systems

Vatn Systems was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Vatn Systems is headquartered in Portsmouth, United States. It is registered at Portsmouth, Virginia, United States.

Nelson Mills is the current CEO of Vatn Systems. They have also founded this company.

Vatn Systems is a funded company, having raised a total of $75.52M across 2 funding rounds to date.

Developer of autonomous underwater vehicles. It also offers navigation software to control and manage the systems.

Vatn Systems's top competitors include Rovco, Hensoldt and Savvy Navvy.

Vatn Systems offers TORSK, INStinct, Skelmir, and S6.

Vatn Systems has 18 investors. Key investors include RTX, Lockheed Martin, SAIC, DYNE Asset Management, and In-Q-Tel.

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