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
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$75.52 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Series A
Dec 10, 2025
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Investors
RTX
& 17 more
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Employee Count
Employee Count
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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. 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.
Autonomous underwater vehicle for flexible and modular mission deployment
Advanced software for AUVs in GPS-compromised environments
Vehicle designed for cooperative swarming operations
Modular underwater vehicle with tailored sensor capabilities
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $60.0M
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First Round
First Round
(09 Oct 2024)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series A - Vatn Systems | Valuation | unknown | |
| Oct, 2024 | Amount | Seed - Vatn Systems | Valuation | DYNE Asset Management |
| 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 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. 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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Venture capital firm
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Founded Year | Domain | Location | |
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Early-stage investments are made in ocean-climate tech companies by Propeller.
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Founded Year | Domain | Location | |
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Early-stage tech startups are invested in across key sectors.
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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 Vatn Systems
| 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 |
Financial Statements - Vatn Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Vatn Systems Comparisons
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. 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 |
Developer of integrated air surveillance radar for the military and defence industry
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| domain | founded_year | HQ Location |
Provider of AI-driven ROVs and services for inspection of ships
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| domain | founded_year | HQ Location |
AI-based robotic analysis solutions for marine applications are provided.
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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 |
Provider of a mobile app for marine navigation
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| domain | founded_year | HQ Location |
Provider of remotely operated vehicles and unnamed systems for underwater inspections
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Vatn Systems
Frequently Asked Questions about Vatn Systems
When was Vatn Systems founded?
Vatn Systems was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Vatn Systems located?
Vatn Systems is headquartered in Portsmouth, United States. It is registered at Portsmouth, Virginia, United States.
Who is the current CEO of Vatn Systems?
Nelson Mills is the current CEO of Vatn Systems. They have also founded this company.
Is Vatn Systems a funded company?
Vatn Systems is a funded company, having raised a total of $75.52M across 2 funding rounds to date. The company's 1st funding round was a Seed of $15.52M, raised on Oct 09, 2024.
What does Vatn Systems do?
Developer of autonomous underwater vehicles. It also offers navigation software to control and manage the systems.
Who are the top competitors of Vatn Systems?
Vatn Systems's top competitors include Rovco, Hensoldt and Savvy Navvy.
What products or services does Vatn Systems offer?
Vatn Systems offers TORSK, INStinct, Skelmir, and S6.
Who are Vatn Systems's investors?
Vatn Systems has 18 investors. Key investors include RTX, Lockheed Martin, SAIC, DYNE Asset Management, and In-Q-Tel.