Saronic raises $600M to mass-produce autonomous warships
Austin-based defense startup Saronic has raised a $600 million Series C to build an autonomous ship factory called “Port Alpha,” it announced yesterday, quadrupling its valuation to $4 billion from its last round. Investor Elad Gil led the round, with General Catalyst joining existing investors Andreessen Horowitz, 8VC, and Caffeinated Capital, among others. That should make Saronic the second, possibly third, most valuable defense tech startup in the U.S. after Anduril’s last round valued it